Memo: Digital Agenda: Information and Communication Technologies top total corporate R&D investment in Europe

Europe's Information and Communication Technologies (ICT) sector, accounting for just 4.8% of GDP, leads the way in private research and development (R&D) in the EU, with 25% of total investment and 32% of researchers working in the private sector in 2007, according to a European Commission report released on 12 May 2010. However, even with these numbers the EU is still lagging behind global competitors in terms of both public and private ICT R&D investment. This investment gap is identified as one problem to tackle by the forthcoming European Digital Agenda, one of seven flagship initiatives of the Europe 2020 strategy for smart, sustainable and inclusive growth.

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