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European R&D review finds lagging high-tech performance despite major science investment

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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

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