Progressing from start-up to profit is hard and funding shortfalls can push enterprises under. Europe’s banks and VCs should take a more ‘scientific’ approach to funding fledgling companies
With less fear of failure, Europe’s innovators would get more shots on goal. So yes, more misses, but a greater chance to “score big”, said tech guru Nathan Myhrvold in the Science|Business annual lecture
EU Research Commissioner today described the attributes around which he would like the Council to be shaped and launched a consultation seeking feedback from the public. It’s time for action to convert Europe’s world-leading science into products, he said
Members of the Science|Business Network say the new council should act like a venture capital investor rather than a government agency. The aim should be to provide flexible funding and spur regulatory reform
The new EU institute should ensure grant money is handed out faster, Commissioners have a better source of advice and that legislative logjams hampering companies are identified quicker, says Philippe De Backer, MEP
The EU needs a US-style chief technology officer at the head of the new innovation body, says Martin Curley, Intel vice president. The council should also provide more incentives for applied research
At only 3% of total R&D spending, FP7 had a disproportionately positive impact on the economy and on science. However, €20M spent on evaluations was wasteful and there was failure on the gender gap
A new analysis lays bare the extent of the economic divide in EU research, with 85 per cent of funding in FP7 going to research facilities and companies in western Europe
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