Public investment in research and innovation more important than ever, new study confirms

Public funding of research and innovation (R&I) acts as a catalyst to boost private R&I activities and overall economic growth, according to a report released today by the European Commission.
Date: 
16/03/2017 - 15:11

The study, which reviews existing empirical literature, underlines that the role of public R&I funding is especially important in light of today's rapidly changing and riskier innovation landscape.

Carlos Moedas, Commissioner for Research, Science and Innovation said: "The study demonstrates once again the importance of public investments in research and innovation. Such investments are necessary to boost excellent research and support new forms of radical, market-creating innovation often driven by digitalisation."

Find out more in the News Alert here.

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Source: 
http://ec.europa.eu/programmes/horizon2020/en/news/public-investment-research-and-innovation-more-important-ever-new-study-confirms

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