Research, Development and Innovation
Technological change through research and innovation is an indisputable driving force of economic growth and social development. It enables European industry to maintain and further develop the worldwide technological leadership that it has acquired in many areas. It is widely accepted that policies on research and innovation have several positive externalities. For example, EU funding can leverage a company’s own R&D by means of external resources, and by offering a knowledge-based network across Europe.
The ‘Innovation Union’ flagship initiative - a top priority of Europe 2020, the EU’s strategy for growth - aims to make Europe into a world-class science performer, remove obstacles to innovation and revolutionise the cooperation of public and private sectors. The Horizon 2020 programme is an ambitious EU initiative which shall cover the full innovation cycle: from strategic and applied research, demonstration, deployment and access to capital, to market take-up.
3% of the member states GDP should, by 2020, be dedicated to research and innovation. As 2% of this should derive from private financing, Public and Private Partnerships (PPPs) in strategic fields, such as the Factories of the Future, are expected to play a crucial role on the development of future EU innovation policy.
Orgalime is closely monitoring the development of Horizon 2020 and helps coordinate the positions of the engineering industries at EU level.
Already under Framework Programme 7 (FP7), Orgalime jointly created (with a number of its members, companies and research organisations and the ManuFuture European Technology Platform (ETP) European Factories of the Future Research Association (EFFRA), a non-profit association dedicated to Factories of the Future, a Public Private Partnership (PPP) that has led to re-engaging the engineering industry and notably its SMEs into European funded projects.