Innovation in Europe: Taking stock

  • Massimiliano Granieri
  • Andrea Renda
Part of the Sxi — Springer for Innovation / Sxi — Springer per l’Innovazione book series (SXIINNO)


In this chapter we analyse Europe’s competitive positioning in the global race towards innovation, based on the recent data produced by the European Commission and the OECD. What emerges from the data is that Europe is increasingly lagging behind the USA in a number of respects, and at the same time it is losing its lead vis-à-vis emerging economies such as China and India, who are expected to conquer the lion’s share of world’s R&D investment by 2025. Moreover, we illustrate the past and current governance of innovation policy in the European Union, in particular identifying the key pillars of the new Europe 2020 strategy as well as the existing and future financial instruments offered by EU institutions such as the European Investment Bank group. We conclude by assessing whether governance has improved with the post-Lisbon generation of EU strategies, or whether the landscape of innovation policy in the EU has become even more confusing and chaotic.


Venture Capital Innovation Policy Financial Instrument Public Procurement Intellectual Property Right 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


  1. 1.
    Bertschek I, Cerquera D, Klein G (2011) More bits — more bucks? Measuring the impact of broadband Internet on firm performance. ZEW — Centre for European Economic Research Discussion Paper No. 11-032Google Scholar
  2. 2.
    Desrochers P (1998) On the abuse of patents as economic indicators. Q J Austrian Econ 1:51–74CrossRefGoogle Scholar
  3. 3.
    Durvy J-N (2005) From the MAP to the CIP Programme. Paper presented at the SME Guarantee Facility Conference, Luxembourg, 28 April 2005Google Scholar
  4. 4.
    Dutta S (ed) (2011) The Global Innovation Index 2011. Accelerating growth and development. INSEAD, FontainebleauGoogle Scholar
  5. 5.
    ECORYS (2011) External evaluation of the European Institute of Innovation and Technology. Scholar
  6. 6.
    European Central Bank (2010) Survey on the access to finance of SME in the Euro Area — March to September 2010. ECB, Frankfurt am MainGoogle Scholar
  7. 7.
    European Cluster Observatory (2009) EU cluster mapping and strengthening clusters in Europe. European Cluster Observatory, BrusselsGoogle Scholar
  8. 8.
    European Cluster Policy Group (2010) Final recommendations. A call for policy action. European Cluster Policy Group, BrusselsGoogle Scholar
  9. 9.
    European Commission (1999) Making public support for innovation in the EU more effective. Lessons learned from a public consultation for action at Community level, Staff Working Document, SEC(2009)1197. EC, BrusselsGoogle Scholar
  10. 10.
    European Commission (2000) Towards a European Research Area, COM (2000) 6 final. EC, BrusselsGoogle Scholar
  11. 11.
    European Commission (2003) Multi-annual programme for enterprise and entrepreneurship, and in particular for small and medium-sized enterprises (2001–2005) — MAP, Intermediate Evaluation, Final Report. EC, BrusselsGoogle Scholar
  12. 12.
    European Commission (2004) Facing the challenge. The Lisbon Strategy for Growth and Employment. A report of the High Level Group chaired by Wim Kok. EC, BrusselsGoogle Scholar
  13. 13.
    European Commission (2005) Annex to the Proposal for a Decision of the European Parliament and of the Council establishing a Competitiveness and Innovation Framework Programme (2007–2013), Commission staff working document, COM (2005) 121 finalGoogle Scholar
  14. 14.
    European Commission (2005) Community Competitiveness and Innovation Framework Programme. Summary of the results of the public consultation, Commission staffworking document, annex 2, SEC (2005) 433. EC, BrusselsGoogle Scholar
  15. 15.
    European Commission (2006) Creating an innovative Europe. Report of the Independent Expert Group on R&D and Innovation appointed following the Hampton Court Summit and chaired by Mr. Esko Aho. BrusselsGoogle Scholar
  16. 16.
    European Commission (2006) Towards a more effective use of tax incentives in favour of R&D, COM (2006) 728. EC, BrusselsGoogle Scholar
  17. 17.
    European Commission (2007) The European research area: new perspectives, COM (2007) 161. EC, BrusselsGoogle Scholar
  18. 18.
    European Commission (2008) Towards world-class clusters in the European Union: implementing the broad-based innovation strategy, SEC(2008) 2637. EC, BrusselsGoogle Scholar
  19. 19.
    European Commission (2009) Preparing for our future: developing a common strategy for key enabling technologies in the EU, COM(2009) 512 final. EC, BrusselsGoogle Scholar
  20. 20.
    European Commission (2009) TheWorld in 2025. Rising Asia and socio-ecological transition. EC, BrusselsGoogle Scholar
  21. 21.
    European Commission (2010) An integrated industrial policy for the globalisation era. Putting competitiveness and sustainability at centre stage, COM(2010) 614. EC, BrusselsGoogle Scholar
  22. 22.
    European Commission (2010) Europe 2020. A strategy for smart, sustainable and inclusive growth, COM(2010) 2020. EC, BrusselsGoogle Scholar
  23. 23.
    European Commission (2010) Innovation Union Scoreboard 2009. doi: 10.2769/35767Google Scholar
  24. 24.
    European Commission (2011) Guidance paper for the steering group of the pilot European innovation partnership on active and healthy ageing, SEC(2011) 589 final. EC, BrusselsGoogle Scholar
  25. 25.
    European Commission (2011) Innovation Union Competitiveness Report 2011. EC, Brussels. 2011/chapters/part iii chapter 5.pdfGoogle Scholar
  26. 26.
    European Commission (2011) Innovation Union Scoreboard 2010. The Innovation Union’s performance scoreboard for research and innovation. doi:10.2769/11849Google Scholar
  27. 27.
    European Commission (2011) Key enabling technologies. Final report of the High Level Group. EC, BrusselsGoogle Scholar
  28. 28.
    European Court of Auditors (2009) The Management of the Galileo Programme’s Development and Validation Phase, Special report No 7. European Court of Auditors, LuxembourgGoogle Scholar
  29. 29.
    Europa InterCluster (2010) The Emerging of European World-Class Clusters. Europa InterCluster, BrusselsGoogle Scholar
  30. 30.
    Fornefeld M, Delaunay G, Elixmann D (2008) The impact of broadband on growth and productivity, Study for the European Commission, DG INFSO. MICUS, DusseldorfGoogle Scholar
  31. 31.
    Gallup Organization (2009) Access to finance. Analytical report. Flash EB Series No. 271Google Scholar
  32. 32.
    Griliches Z (1979) Issues in assessing the contribution of research and development to productivity growth. The Bell Journal of Economics 10:92–116CrossRefGoogle Scholar
  33. 33.
    Hall BH (2011) The Internationalization of R&D. UNU-MERIT Working Paper 2011-049Google Scholar
  34. 34.
    Infyde S.L. and Lacave Allemand & Associes (2004) External evaluation of the Multiannual Programme for Enterprise and Entrepreneurship, and in particular for small and medium-sized enterprises (SMEs) 2001–2005, final report. EC, BrusselsGoogle Scholar
  35. 35.
    McAleer M, Slottje D (2005) A new measure of innovation: the patent success ratio. Scientometrics 63:421–429CrossRefGoogle Scholar
  36. 36.
    Nepelski D (2009) ICT R&D internationalisation. Some patent-based evidence. Paper presented at the Workshop on Internationalisation of ICT R&D Trends, Challenges and Policy Implications, Seville, 22-23 October 2009Google Scholar
  37. 37.
    OECD (2010) Science, technology and industry outlook. OECD, ParisGoogle Scholar
  38. 38.
    OECD (2011) Communications outlook. OECD, ParisGoogle Scholar
  39. 39.
    Renda A, Schrefler L, Von Dewall F (2006) Ex post evaluation of the MAP 2001-2005 initiative and suggestions for the CIP 2007-2013. Study commissioned by the Budget Committee of the European Parliament. CEPS, BrusselsGoogle Scholar
  40. 40.
    Scherer F (1984) Using linked patents and R&D data to measure inter-industry technology flows. In: Griliches Z (ed) R&D, patents and productivity. University of Chicago Press, Chicago, pp 417–464Google Scholar
  41. 41.
    Schutz E (2011) The ARTEMIS Programme. Progress to date and success stories. Paper presented at the JTI Event ARTEMIS & ENIAC. Brussels, 4 October 2011Google Scholar
  42. 42.
    Uppenberg C (2009) Why do firms invest in R&D? Paper presented at the EIB Conference in Economics and Finance. Luxembourg, 22 October 2009Google Scholar
  43. 43.
    Veugelers R, Cincera P (2010) Europe’s missing yollies. Bruegel Policy Brief 2010/06Google Scholar

Copyright information

© Springer-Verlag Italia 2012

Authors and Affiliations

  • Massimiliano Granieri
    • 1
  • Andrea Renda
    • 2
  1. 1.Department of LawUniversity of FoggiaFoggiaItaly
  2. 2.Department of ManagementLUISS Guido CarliRomeItaly

Personalised recommendations