Europe is lagging behind other global players in terms of research and development (R&D). The business sector in Europe believes that if the EU is to become more competitive globally, more focus needs to be put on innovation. Greater clarity is needed in setting priorities. The most serious problem is that despite funds being allocated to basic research, the results of the research process do not make it to the market. Research and new technologies exist, but there are obstacles preventing them from being brought to customers.
This document is a summary of the discussion on Innovation across Europe – best practices, which took place in Oeiras, Portugal, on 5 June 2015. The meeting was organised together with the Portuguese Confederation of Employers.