The study, which reviews existing empirical literature, underlines that the role of public R&I funding is especially important in light of today's rapidly changing and riskier innovation landscape.

Carlos Moedas, Commissioner for Research, Science and Innovation said: "The study demonstrates once again the importance of public investments in research and innovation. Such investments are necessary to boost excellent research and support new forms of radical, market-creating innovation often driven by digitalisation."

Find out more in the News Alert here.