The article “Resetting Europe’s Innovation Compass” by POLITICO Europe argues that the European Union’s current approach to innovation is fragmented and ineffective. The authors propose a new strategy that focuses on human-centered innovation, leveraging Europe’s existing strengths in research and technology, and promoting collaboration across industries and borders.
The current innovation compass is fragmented, with different EU agencies and programs focusing on distinct areas, such as entrepreneurship, research, and digitization. This has led to a lack of coherence and coordination, resulting in missed opportunities and inefficiencies.
The proposed reset strategy focuses on three key areas:
1. Human-centered innovation: Prioritizing human needs and values in the development of new technologies, products, and services.
2. Leverage research and technology: Building on Europe’s existing strengths in research and technology to drive innovation, rather than replicating existing solutions.
3. Collaboration and ecosystems: Fostering collaboration between industries, academia, and governments to create innovative ecosystems that drive growth and jobs.
The authors argue that this new approach will require a more integrated and flexible EU innovation policy, one that is better equipped to respond to the complex challenges facing Europe today. By resetting the innovation compass, the EU can unlock the potential of its research, technology, and talent to drive growth, jobs, and competitiveness.