The crucial role of Research, Development and Innovation (RD&I) activities to support and boost industrial leadership is now at the heart of the renewed European Industrial Policy Strategy with the ultimate goals to benefit society. Europe’s future competitiveness and the sustainability of the European social model largely depend on RD&I: two-thirds of economic growth in Europe derives today from RD&I2. RD&I investments are the key drivers of the technological developments at the basis of many impactful innovations for society. However, RD&I intensity is much lower in Europe than in other countries like the US, China, Japan or South Korea. Reaching the EU’s objective of 3% GDP expenditure on R&D will require strong additional spending
As already stated in a previous joint declaration4, in order to fulfil European Commission President Jean-Claude Juncker’s wish to “make our industry stronger and more competitive” and “help our industries stay or become the world leader in innovation”5, FP9 should from the start prioritise support to industrial competitiveness. This requires an ambitious strategy, taking full advantage of current research successes, understanding emerging risks and opportunities, considering the wider international industrial landscape, and focusing on European added value.
To boost our competitiveness by increasing our productivity, the EU needs to anticipate developments in the US and Asia in key technology areas that form the basis of our society’s future products and services. Accordingly, FP9 design should reflect such priorities and aim at:
- Maximising the impact of the EU funded RD&I for society, building on Horizon 2020’s efforts. This includes continued support to de-risk and incentivise private sector RD&I investments, as key components of EU renewed industrial policy strategy.
- Strengthening European Industries’ capacities to further absorb and scale up novel technologies6 matured into new products and services - with the support of Horizon 2020 and national RD&I programmes - and apply them in addressing global challenges. FP9 design should maximise the participation of industries of all sizes to promote a competitive RD&I ecosystem capable of better absorbing recently developed innovations and technologies for the benefit of the whole society.
- Strengthening Europe’s capabilities to keep on top of the “innovation race” with third countries in order to safeguard Europe’s economic growth and employment. The forthcoming FP9 should enable Europe to remain at the forefront of RD&I by supporting the development of innovative technologies and skills with the view to address societal challenges and create new markets and new industries.
- Supporting European cross-border industry-driven collaborative RD&I, which is needed more than ever before to make the ongoing technological transitions a success for both European economy and society. In this context, European public-private partnerships (cPPPs and JTIs) shall continue to play a crucial role in leveraging private sector investments, linking those with EU, national and regional efforts, as well as in helping SMEs and Start-ups engage in EU and international supply chains, while working with key knowledge partners like Research and Technology Organisations.