Press Release: The “Innovation Union” – turning ideas into jobs, green growth and social progress

The European Commission's "Innovation Union", sets out a strategic approach to innovation, driven by the highest political level. The Innovation Union will focus Europe's efforts – and co-operation with third countries - on challenges like climate change, energy and food security, health and an ageing population. It will use public sector intervention to stimulate the private sector and to remove bottlenecks which stop ideas reaching the market. These include lack of finance, fragmented research systems and markets, under-use of public procurement for innovation and slow standard setting. The Innovation Union is a "flagship" in the Europe 2020 Strategy.

• Primary Source

European Commission: Speech/10/549: Máire Geoghegan-Quinn, Commissioner for Research, Innovation and Science, "An Innovation Union to create the jobs of the future", Business Europe's CEO Event, Brussels, 14 October 2010 http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/10/549&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: Memo/10/473: Turning Europe into a true Innovation Union http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/10/473&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: Speech/10/526: Máire Geoghegan-Quinn, Commissioner for Research, Innovation and Science, "The "Innovation Union" – turning ideas into jobs, green growth and social progress", Launch of the Innovation Union, Brussels http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/10/526&format=HTML&aged=0&language=EN&guiLanguage=en

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