An
expert panel led by Dr Erkki Ormala, Vice President of Technology
Policy at Nokia, has concluded that the European Union’s Research
and Development Programmes have made a major contribution to the
development of Europe’s knowledge base and have a positive effect
on Europe’s potential for innovation. However the panel found that
if this positive effect is to be continued, more resources will
be needed in the future. The panel also recommended more industry
participation, especially SMEs; streamlined and simplified administration;
and more emphasis on radical innovation and risk-taking.