The 2015 Innovation Union Scoreboard is now out. It reveals that the EU’s overall level of innovation has remained stable. However, the economic crisis still had a negative impact on innovative activity in the EU. The number of innovative firms is in decline, as are SMEs’ innovations, patent applications and sales of innovative products.
Europe needs a joint effort to encourage new ideas and foster their market up-take. For its part, the European Commission will work on boosting investments and improving the framework conditions for innovation.
The ranking of EU countries' performance confirms Sweden as an innovation leader, followed by Denmark, Finland, and Germany. In global comparison, the EU continues to fill in the gap with the US and Japan.