Over the past weeks, fourteen professors from the field of innovation and entrepreneurship from the four
EuroTech Universities have analysed what is needed to make Europe more innovative.
The outcome, a discussion paper on “The Future of the EU as an Inclusive and Sustainable Innovative Economy”, is now presented to selected representatives from across several Directorate Generals of the European Commission as well as the European Research Council and the European Investment Bank.
According to the professors, five conditions will enable the EU to become the leading economy in the world by capitalizing on its distributed and inclusive nature as well as exploiting its potential for breakthrough innovations:
1. transforming the educational and research landscape by transferring funds from institutes entirely focused on research to universities that systematically connect research and education;
2. creating an ideal setting for young entrepreneurs and their innovative companies to enable a virtuous cycle of new (academic) ideas, creating start-ups, scaling them up, and demand for and supply of investment capital;
3. transforming the highly fragmented landscape of national tax systems into a simple and transparent tax system that fuels rather than inhibits innovation and growth;
4. Crafting a well-functioning patent system and market for technology to ensure appropriate rewards and incentives for innovators in the age of open innovation;
5. Building and mobilizing local innovation ecologies, especially those in less-advanced regions, through smart specialization.
Download the discussion paper.
- Dominique Foray, Chair of Economics and Management of Innovation, EPFL
- Georges Romme, Chair of Entrepreneurship & Innovation, TU/e
- Oliver Alexy, Professor of Strategic Entrepreneurship, TUM
- Per Dannemand Andersen, Professor of Technology Foresight and Innovation, DTU
- Marc Gruber, Chair in Entrepreneurship and Technology Commercialization, EPFL
- Joachim Henkel, Professor of Technology and Innovation Management, TUM
- Fred Langerak, Chair in Management of Product Development, TU/e
- Jason Li-Ying, Associate Professor, DTU Management Engineering
- Ed Nijssen, Chair of Marketing, TU/e
- Gaétan de Rassenfosse, Chair of Innovation and IP Policy, EPFL
- Isabelle Reymen, Associate Professor of Innovation Technology, Entrepreneurship & Marketing, TU/e
- Soren Salomo, Head of DTU Management Engineering
- Christopher Tucci, Chair of Corporate Strategy Innovation, EPFL
- Thomas Weber, Chair in Operations, Economics and Strategy, EPFL