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Innovation Union

CREATED ON 20 Jan 2014

01DESCRIPTION

One challenge for the EU and its Member States is to adopt a much more strategic approach to innovation: An approach whereby innovation is the overarching policy objective, where a medium to longer-term perspective is taken, where all policy instruments, measures and funding are designed to contribute to innovation, where EU and national/regional policies are closely aligned and mutually reinforcing, and last but not least, where the highest political level sets a strategic agenda, regularly monitors progress and tackles delays. The Innovation Union sets out such a bold, integrated and strategic approach, exploiting and leveraging the European Union's strengths in new and productive ways – and thereby maintaining the economic foundation that supports quality of life and our social model as our population ages. Business-as-usual equals gradually losing our competitive advantages, and accepting Europe's steady decline.

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