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.