By Nicholas WallaceThe European Union is struggling to turn its scientific prowess into economic gains, according to a biennial European Commission review of European R&D performance.The 770-page report says Europe lags behind the United States and China in high-tech industries, despite strong scientific output and high public investment.
It argues that Horizon Europe, the forthcoming successor to the €77 billion Horizon 2020 research funding program, should bolster innovation by supporting tech startups and plowing money into research partnerships with the private sector.
The Commission published the report today alongside a €1.85 trillion proposal for a postpandemic recovery plan, which calls for €94.4 billion to be spent on Horizon