Extracts from the press conference by Máire Geoghegan-Quinn on the presentation of the last EU scoreboard on investment in industrial R&D
Type: Summary of press conference
End production: 06/12/2012 First transmission: 06/12/2012
On 6 December 2012, Máire Geoghegan-Quinn, Member of the EC in charge of Research, Innovation and Science, gave a press conference on the key findings of the EC's 2012 edition of the "EU Industrial R&D Investment Scoreboard" of the top 1500 global R&D investors.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Arrival of Máire Geoghegan-Quinn, Member of the EC in charge of Research, Innovation and Science, at the press conference
||Soundbite by Máire Geoghegan-Quinn (in ENGLISH): A ranking published today by the European Commission shows very clearly that EU firms see their future competitiveness in research and innovation, and that they have acted on that belief.
Major EU-based firms increased global R&D spending by 8.9% in 2011. This is a further improvement on last year's 6.1% rise, which keeps EU firms above the global average of 7.6% growth, and very close to leading US firms at 9%.
||Journalist at work
||Soundbite by Máire Geoghegan-Quinn (in ENGLISH): 405 EU-based firms on the list spent 144 billion euro on R&D last year, both figures second only to the US.
Japanese car manufacturer Toyota tops the ranking, while the top EU company is also a car maker: Volkswagen comes third with an investment of 7.2 billion euro last year.
||Cutaway of a camera
||Soundbite by Máire Geoghegan-Quinn (in ENGLISH): Protecting R&D spending at around current levels is not good enough if we are trying to create growth and jobs in Europe. An increase from 2.01% to 2.03% is not enough when we are trying to reach 3% by 2020, in order to keep pace with the global competition.
The issue here is that in terms of public funding of research, we are at risk of a dangerous stagnation.
||Cutaway of the audience
||Soundbite by Máire Geoghegan-Quinn (in ENGLISH): If we want to maintain the current high levels of ambition in the private sector, or to raise them even further, we need to increase public sector investment at both national and European levels.
Companies are increasing investment in R&D, not in spite of the crisis, but because of it. They know that, for them, it's a matter of survival. EU leaders need the same realisation.
The Commission has decided we need to invest more in research and innovation at the EU level, proposing 80 billion euro for the next EU budget.
||Departure of Máire Geoghegan-Quinn