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The Commission is distancing itself from the row over the cultivation of genetically-modified crops, by handing responsibility for their cultivation to member states.

With their promise of energy self-sufficiency and job creation, smart grids are seen as the next industry gold rush.

The high-level group set up to advise the European Commission on the deployment of key enabling technologies has held its first meeting.

In the last two years the number of exists has fallen by 40 per cent and the total amount of VC funding is down 50 per cent, according to new research by NESTA.

GE’s $200M call for entrepreneurs to bring their smart grid technologies is also a challenge to the whole system of research, development and innovation in Europe.