Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Cut red tape to attract venture capital to cutting edge high-tech research, Commission tells Parliament and Council

Abstract:
The Commission today called on the Parliament and Council to support a new drive to cut red tape and allow greater flexibility to make European high-tech research more effective. It was responding to the 'Aho report', the most comprehensive evaluation of EU ICT research yet, looking beyond the management of research to evaluate its impact on innovation. The report highlighted that EU research could be of greater benefit for European competitiveness by involving and supporting high growth companies and providing better links between research and venture capital. The Commission, which has launched several initiatives to involve leading companies in research (IP/08/910, IP/08/824, IP/08/785), is committed to making the information and communications technology (ICT) research it supports more effective in terms of delivering business opportunities. It is also launching a public consultation that will feed into proposals to this end in early 2009.

Cut red tape to attract venture capital to cutting edge high-tech research, Commission tells Parliament and Council

BRUSSELS, Belgium | Posted on September 6th, 2008

"European ICT research is a world leader in telecommunications and audiovisual systems and in application areas such as intelligent cars and medicine. However, we are falling behind in terms of the level and intensity of ICT research spending and we consistently fail to commercialise research results," said Viviane Reding, Commissioner for Information Society and Media. "EU ICT research must be turned into growth, jobs and competitiveness. For this to happen we need a Single Market approach to ICT research and innovation. We need less administrative red tape and risk-aversion and a more proactive policy environment. We did this with in mobile phones, today there are 3 billion in use worldwide on the European GSM standard. We can do it again."

The Commission is set to invest €9 billion in high-tech research under its ICT research programme between 2007 and 2013. Today it responded to the main findings of a report on its ICT research published by a panel headed by former Finnish Prime Minister Esko Aho (MEMO/08/430). EU research from 2003 until 2006 received €4 billion funding, bringing together over 4500 research organisations and resulted in world-leadership of areas of technology research, like 45 nanometre miniaturised chips that can be used in smaller and more functional PCs and mobile phones.

The Aho report highlighted the need to cut red tape to attract more SMEs to EU research and said that more needed to be done to ensure commercialisation of research results. This includes more public-private partnerships such as the Joint Technology initiatives for nanoelectronics (IP/08/284) and embedded systems (IP/08/283) for which the Commission invested €5 billion earlier this year.

It also recommended actions to further cut administrative burdens to make it easier for innovative companies to participate in EU research and turn its results into products and services for consumers in Europe and beyond (shorter, simpler application procedures, for example). The Parliament and the Council are now invited to support the Commission in developing a more risk-tolerant approach to supporting research in the EU.

To maximise the impact of its ICT research on growth and jobs, the Commission also wants a more innovation-friendly environment where it would be easier for high-growth companies to link to venture capital and to develop standards for innovative new products. These are some of the issues that will be addressed by a public consultation on ICT research being launched in parallel with today's Communication (IP/08/1287).

Background:

The Communication and the "Aho Report" on the Effectiveness of Information Society Research in the EU's 6th Framework Programme 2003-2006 are available at:

ec.europa.eu/dgs/information_society/evaluation/rtd/fp6_ist_expost/index_en.htm

####

For more information, please click here

Copyright © European Commission

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

GS7 Graphene Sensor maybe Solution in Fight Against Cancer January 25th, 2015

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

NANOPOSTER 2015 - 5th Virtual Nanotechnology Conference - call for abstracts January 24th, 2015

Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Ref signals deep impact as EPSRC announces £30 million for impact acceleration accounts (IAA) January 21st, 2015

Blend Therapeutics Secures $21 Million Financing and Unveils Novel Pentarin™ Platform for Cancer Therapeutics: Company’s Technology and Expertise in Cancer R&D Evolve to Create New Class of Miniaturized Biologic Drug Conjugates (mBDCs) Encapsulated in Nanoparticles January 8th, 2015

QD Vision Receives New Funding Round to Meet Growing Demand for Quantum Dot Technology: Industry Veteran Steve Ward Named Executive Chairman January 5th, 2015

Pixelligent Closes $5.5 Million in Funding: Capital Will Be Used to Support Global Customer Growth December 12th, 2014

Govt.-Legislation/Regulation/Funding/Policy

The latest fashion: Graphene edges can be tailor-made: Rice University theory shows it should be possible to tune material's properties January 24th, 2015

Scientists 'bend' elastic waves with new metamaterials that could have commercial applications: Materials could benefit imaging and military enhancements such as elastic cloaking January 23rd, 2015

Harper Government Supports Research Innovation in Western Canada January 22nd, 2015

EnvisioNano: An image contest hosted by the National Nanotechnology Initiative (NNI) January 22nd, 2015

Announcements

GS7 Graphene Sensor maybe Solution in Fight Against Cancer January 25th, 2015

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

NANOPOSTER 2015 - 5th Virtual Nanotechnology Conference - call for abstracts January 24th, 2015

Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE