O5: Insufficient research and innovation efforts
Europe continues to under-invest, fragment its efforts, under-use the creativity of SMEs and fail to convert the intellectual advantage of research into the competitive advantage of market-based innovations.
We need to build on the talent of our researchers to deliver an innovation ecosystem where European based ICT companies of all sizes can develop world-class products that will generate demand.
We therefore need to address the suboptimal character of current research and innovation efforts by leveraging more private investment, better coordinating and pooling of resources, ‘lighter and faster’ access of digital SMEs to Union research funds, joint research infrastructures and innovation clusters and the development of standards and open platforms for new applications and services.