EUROPE: EU must ensure "more and better use of R&D"
January 1st, 2009
By Alan Osborn
The failure of business to invest significantly in innovation projects remains the major weakness in the European Union's (EU) research picture, says the European Commission. While there is "substantial progress" in some aspects of the EU's innovation performance, investments by business in R&D and IT projects "are still relatively weak, especially if compared to the US and Japan," claims Brussels.
Expenditure by EU companies on innovative activities such as training, design, marketing and new equipment has actually ...
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