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DOCUMENT GENERAL INFORMATION

TITLE
EURAB Report and Recommendations on "Boosting European Private R&D: The Foundation Stone of the New Lisbon Strategy" (October 2005)
  EURAB 05.036-FINAL.pdf (159.9 KB)
Document ID LIB55
Document type EU institution Scientific Advisory Body opinion/advice
Issue date 01/10/2005
Document reference EURAB 05.036-FINAL
Original language of the document English
Full text available in EN (159.9 KB)
Document produced by European Research Advisory Board organisation visiting card
Document requested by EC-Research and Innovation DG organisation visiting card
Document uploaded by Isidoros KARATZAS
European Research Advisory Board
(05/07/2006)
Scientific domains

DOCUMENT TEXT

Short description  We all recognise that industrial R&D is core to creating new products, services and wealth, so how can we ensure that European companies, both large and small, develop, maintain and extend their R&D, in Europe. And in addition, we should seek to retain and increase US RTD investment as well as encourage new countries such as China, Taiwan, and Japan in establishing research facilities in Europe.

EURAB foresees five key issues to be tackled:
1. Establishing better financial conditions, including appropriate financial incentives, for the performance of industrial R&D in Europe,
2. Incorporating EU, national and regional industrial support structures into a coherent and cooperating framework.
3. Integrating SMEs into the EU and Global innovation system,
4. Creating global leadership in public research and linking this resource to industrial growth.
5. Developing the community aspects of European industrial research.

Tackling these issues needs the European Commission to develop a long-term strategic framework which indicates 1) what industrial RTD do we need to retain in Europe, 2) what RTD do we wish to attract into Europe and 3) what areas do we need to develop ourselves for the future.

Abstract (focusing on the key recommendations)  Recommendations
Improve the financial environment for industrial RTD
• Establish better financial conditions, including appropriate financial incentives and tax credits, for the performance of industrial R&D in Europe.
• Put in place targeted guarantee schemes which encourages different financial institutions, such as banks and venture capital companies, to become familiar with and be able to ...

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