Promoting systemic innovation and entrepreneurship in Europe

 

Since innovation calls for more than just R&D and adequate funding, an ambitious EU-wide strategic vision is needed urgently. Future EU policy for entrepreneurship and innovation should be systemic, simple and, more importantly, tied to societal needs. To this end, CEPS and MEP Eva Paunova organised a seminar at the European Parliament on April 27th to validate the work of the CEPS Task Force on Innovation. The six-month collaboration involved renowned scholars, industry experts, entrepreneurs, practitioners and representatives of EU and international institutions, who together devised a set of policy recommendations to guide and improve the overall environment for entrepreneurship and innovation in Europe. The resulting report brings fresh thinking to the role that "people, places and policies" can and should play in the current context of EU innovation.

After a brief presentation of the Task Force report by authors Jose Manuel Leceta, Könnölä Tötti (Insight Foresight Institute) and Felice Simonelli (CEPS), participants, and a panel of industry experts (see here) explored the way forward to (re)design appropriate governance mechanisms and ecosystems to foster smarter, more sustainable and inclusive growth for Europe. Finally, European Commission Senior Innovation Adviser Robert Madelin welcomed the report as an important and timely contribution that identifies the various obstacles faced by European entrepreneurs, and offers the EU “coherent policy recommendations” to address its weaknesses. The full report will be published by CEPS in July 2016.