The EU has fantastic strengths. It is open, diverse, and hosts excellent institutions. With Horizon 2020, the Union funds research and innovation on an unprecedented scale. But the EU faces three major challenges. First, it needs to strongly improve its track record in getting research results to market and technologies developed in Europe are often commercialised elsewhere. Second, although Europe generates more scientific output than any other region in the world, it often falls behind on the very best science. Third, Europe punches below its weight in international science cooperation and science diplomacy.
This report presents an in-depth indicator based analysis of the EU's science, research and innovation performance and provides insight into the underpinning factors and drivers. It provides extensive evidence of the EU's performance in relation to each of these three challenges. The Report shows, first and foremost, that the EU's productivity gap with the US has widened following the economic and financial crisis and that this is linked to a relative underinvestment in R&D and an inability to re-orient the economy towards activities with a higher knowledge content. While the report shows that the EU continues to be one of the world's major players in science and technology, it also shows that the EU's economy needs to become more dynamic and innovation-intensive.
The publication is available at the European Union website .