Setting up Headline Indicators for Innovation
A High Level Panel was nominated by the European Commission to give advice on developing an indicator for innovation progress. Adequate measurement is a prerequisite for policy-making in this area. The panel finds that retaining the 3% R&D intensity target in the Europe 2020 strategy is entirely correct. However, there is a need to complement the input R&D intensity indicator with additional output-oriented indicators.
The objective of this report is to formulate some headline output-oriented innovation indicator(s) which is (are) adequate, in the context of the Europe 2020 Strategy, for policy guidance purposes.