2) The Commission has assembled 25 indicators in an
"Innovation Union Scoreboard", and a checklist of the features of
successful innovation systems. A new indicator will be developed on the share
of fast-growing innovative companies in the economy. The Commission will
support an independent ranking system for universities.
3) The Commission will bring forward measures to improve access to
finance. It will propose a cross-border venture capital regime, work with
the European Investment Bank to scale up EU schemes like the Risk-Sharing
Finance Facility and appoint a leading figure to strengthen cross-border
matching of innovative firms with investors.
4) Existing research initiatives will be stepped up. The Commission
will propose measures to complete the European Research Area – a legal
requirement under the Lisbon Treaty - by 2014. This means more coherence
between European and national research policies, cutting red tape and removing
obstacles to researchers' mobility, such as the lack of transferability of
pension rights. It also means maximising open access to results of
publicly-funded research. FP8 will be designed to support Europe 2020. The
European Research Council and the European Institute of Innovation and
Technology will be further developed. The Commission will reinforce the
scientific base for policy making through its Joint Research Centre.
5) The Commission will set up in 2011 a European Design
Leadership Board and a European Design Excellence Label.
6) The Commission will launch in 2011 a major research programme
on public sector and social innovation and pilot a European Public Sector
Innovation Scoreboard. It will launch a European Social Innovation Pilot to
provide expertise for social innovators and propose social innovation as a
focus of European Social Fund programmes. It will consult social partners on
spreading the innovation economy to all occupational levels.
7) The Commission proposes that governments set aside dedicated
budgets for public procurement of innovative products and services. This
should create a procurement market worth at least €10 billion a year for
innovations that improve public services. The Commission will offer guidance on
joint procurements between contracting entities from different Member
8) In early 2011, the Commission will make a legislative proposal
to speed up and modernise standard-setting to enable interoperability and
9) Europe's intellectual property regime needs to be modernised.
Agreement on theEU Patent would save business €250 million a year. The
Commission will in 2011 make proposals for a European knowledge market for
patents and licensing.
10) Structural funding and state aid frameworks will be reviewed to boost
innovation. The Commission will assist Member States to use better the € 86
billion of structural funds programmed for research and innovation for 2007-13.
It will propose a framework for post 2013 Structural Funds with more focus on
innovation. In 2011 it will review the state aid framework.
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Please note: all amounts expressed in sterling are for information purposes