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Investing in European Research
Welcome to the "Investing in Research" Website of the European Union!
The progress of science and technology is crucial:
This is why the European Union decided that investment in research should increase in Europe. At present, less than 2% of Europe's wealth (GDP) is devoted to research, which compares poorly with 2.5% in the USA and more than 3% in Japan.
Our goal is to approach 3% of GDP for research. This is an important part of the so-called "Lisbon strategy", which consists of a Partnership between the European Union and Member States to transform Europe in a vibrant knowledge economy, in order to boost economic growth, create more and better jobs and ensure lasting prosperity in Europe.
However, since the 3% goal was set in 2002, progress has remained too slow. Yet many concrete measures have been taken by the European Union, as well as by countries and regions, to increase investment in research, which make the "3% objective" a very much alive and exciting venture.
Our initiatives for investing in research are closely linked with actions to promote innovation in Europe. On 12 October 2005, the European Commission proposed a "Common Approach" to promote both research investment and innovation.
On the 3% Website, you will find the following information:
Enjoy your visit - and please give us your feedback!
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