Research and Innovation

Companies in the European Union have increased their investment in research and development (R&D) for the ninth consecutive year, but below the global growth rate. In 2018, they invested 4.7% more in R&D. This growth is driven by the automobile, health and ICT sectors.

Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth, said:

"Companies based in the EU keep increasing their R&D investments, but much more is needed in the global race for technological leadership in deep-tech and sustainability. We will launch a fully-fledged European Innovation Council to invest in high-risk companies creating new markets. If we want Europe to drive the transition to a climate-neutral economy, we need to redouble our efforts."

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