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SME Update Issue 14 26 October 2012

Peter Dröll Peter Dröll

Innovation Union: An integrated innovation strategy for growth and jobs

The Innovation Union is one of several flagship initiatives which support Europe 2020, the EU's growth strategy until the end of the decade. Peter Dröll, head of the Innovation Policy Unit at the Directorate-General for Research and Innovation, explains how SMEs can contribute significantly to achieving the objectives of this initiative by generating growth and creating jobs.

‘We need SMEs in our drive to become a more competitive, sustainable and inclusive economy. We also need SME's ingenuity to address societal challenges,’ underlines Dr Dröll. European SMEs are key players, considering their 85% contribution to total employment growth, while accounting for 67% of jobs. ‘It is impressive that SMEs create more new jobs than their actual share in the economy. They are a job-creation machine!’

Welcome to Issue 14 of the SME Update, the online newsletter that brings readers the latest news regarding SMEs in Europe. This issue begins with the Innovation Union, one of several flagship initiatives supporting Europe 2020, which aims to tap the full potential of SMEs to generate growth and create jobs. We also cover the latest statistics on SME funding and a new call for Demonstration Activity support. This issue concludes with another SME success story, this one an account of the WaterBee project’s intelligent irrigation system.

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Calls for Proposals

Peter Dröll Editorial

Innovation Union: An integrated innovation strategy for growth and jobs
Peter Dröll, head of the Innovation Policy Unit at the Directorate-General for Research and Innovation, explains how SMEs can contribute to achieving the goals of the Innovation Union initiative.
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Fragkiskos Archontakis Facts & Figures

The proportion of Cooperation programme funding going to SMEs continues to rise
The ninth SME progress report, published on 25 October, reveals that 16.3% of Cooperation programme research funding has now gone to SMEs.
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News & Events

Final call for Demonstration Activity under 2013 Work Programme
The new Demonstration Activity call offers help to SMEs to develop their prototype products for market exploitation.               
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Success Story - WaterBee

Smart irrigation technology set to reduce costs and save water
The WaterBee project has developed an intelligent irrigation system to cut water wastage and increase crop quality and yield.
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