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Research, Innovation and Science

The Innovation Union: smoothing the path from ideas to markets

"We must identify and invest in new growth markets and innovate more quickly if we are to both create and maintain jobs and remain competitive in future."
 

Brussels, 15 July 2010


"Ladies and Gentlemen,

The Europe 2020 Strategy tabled by the new Commission in March was fully endorsed by our leaders barely one month ago.

Europe 2020 is an ambitious, transformational agenda, designed to turn Europe into a smart, sustainable and socially inclusive market economy. We must identify and invest in new growth markets and innovate more quickly if we are to both create and maintain jobs and remain competitive in future.

Knowledge, research and innovation are at the core of this Strategy, and Antonio Tajani and I are leading preparatory work on a flagship initiative that will propose bold actions to create an "Innovation Union" in Europe. President Barroso intends to present this initiative to the European Council in December.

The Flagship is scheduled for adoption by the Commission at the end of September. I am very glad to have this opportunity to discuss it with you at this early stage. I would like to thank the Belgian Presidency for giving me this opportunity.

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