Innovation and Networks Executive Agency

New report calls for mission-oriented EU research and innovation

Creation date: February 22, 2018

Today, professor Mariana Mazzucato has presented her vision, entitled "Mission-Oriented Research & Innovation in the European Union - A problem-solving approach to fuel innovation-led growth", to Carlos Moedas, Commissioner for Research, Science and Innovation. Her report is the latest in a series of inputs the Commission will consider in shaping the post-Horizon 2020 EU research and innovation framework programme.

The report recommends five key criteria for the selection of research and innovation projects at EU level. They should:

  • Be bold and inspirational, with wide societal relevance
  • Be ambitious, but with realistic research & innovation actions
  • Foster cross-disciplinary, cross-sectoral and cross-actor innovation
  • Set a clear direction: targeted, measureable and time-bound
  • Require multiple, bottom-up solutions

Professor Mazzucato currently holds the Chair in the Economics of Innovation and Public Value at University College London (UCL). She is founder and director of UCL’s new Institute for Innovation and Public Purpose. Her research covers the relationship between financial markets, innovation, and economic growth. She is author of the best-selling book The Entrepreneurial State: debunking public vs. private sector myths.

The Commission is calling on the public and research and innovation stakeholders for feedback on the report, including suggestions for possible EU research and innovation missions. The call for feedback is available here.

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