Science, Research and Innovation (R&I) Performance Report (SRIP) 2024 published

The European Commission published the 2024 edition of the Science, Research and Innovation (R&I) Performance Report (SRIP). Over the past two decades, there has been an increase in EU investments in R&I which has contributed to the EU's competitiveness in green tech especially, and to the overall quality of EU research.

Some of the key findings are:

• The EU maintains a leading position in global patent fillings related to renewables (29%) and energy efficiency (24%)
• The EU is only surpassed by China in terms of scientific output and represents 18% of the global scientific production. As regards the global share in top 10% most-cited publications, the EU is performing similarly to the US but behing China. In 2021 the EU only ranked fifth in terms of R&I intensity (2.3%), standing below the US (3.5%), Japan (3.3%), South Korea (4.9%) and China (2.4%), which surpassed the EU level for R&I intensity for the first time in 2020.
• Compared to the US and China, the EU is less specialised in key productivity-enhancing technologies, particularly in the fields of artificial intelligence, internet of things, blockchain technologies and quantum computers.
• The venture capital market in the EU is limited compared to other regions of the world, hindering private investments in innovative companies.

The report also highlights three main challenges for EU R&I:

1. Underutilised R&I ecosystems: the EU is a top global player in scientific research, but is facing several obstacles in exploiting its rich R&I ecosystem at its best. The sharp variations in research & development (R&D) efforts across Member States put the 3% of GDP target still far from being achieved.
2. Persistent R&I divide: R&I activities have a tendency to concentrate in certain places - which can be reinforced through provision of support to the highest achieving activities and actors.
3. Technological gap compared to other regions of the world, also caused by the ceomplexities in raising private sector investment for R&I at the EU level. While the EU has made strong progress with the green transition, there is still progress to be made in the digital area.

Download the report here:

Science, Research and Innovation Performance of the EU 2024 - A competitive Europe for a sustainable future

Science, Research and Innocation Performance of the EU 2024 - Executive Summary

Science, Research and Innovation Performance of the EU 2024 - EU Facts and Figures

For more information:

Commission provides new evidence for approach to R&I for a more competitive Europe