Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

GLOBALFOUNDRIES and Soitec Enter Into Long-term Supply Agreement on FD-SOI Wafers: Strategic milestone to help guarantee a secure, high-volume supply of FD-SOI technology September 20th, 2017

GLOBALFOUNDRIES Announces Availability of mmWave and RF/Analog on Leading FDX™ FD-SOI Technology Platform: Technology solution delivers ‘connected intelligence’ to next generation high-volume wireless and IoT applications with lower power and significantly reduced cost September 20th, 2017

GLOBALFOUNDRIES Announces Availability of Embedded MRAM on Leading 22FDX® FD-SOI Platform: Advanced embedded non-volatile memory solution delivers ‘connected intelligence’ by expanding SoC capabilities on the 22nm process node September 20th, 2017

Copper catalyst yields high efficiency CO2-to-fuels conversion: Berkeley Lab scientists discover critical role of nanoparticle transformation September 20th, 2017

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

180 Degree Capital Corp. Appoints Investment Banking Veteran Parker Weil to Its Board of Directors August 2nd, 2017

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Caught on camera -- chemical reactions 'filmed' at the single-molecule level March 22nd, 2017

Govt.-Legislation/Regulation/Funding/Policy

Copper catalyst yields high efficiency CO2-to-fuels conversion: Berkeley Lab scientists discover critical role of nanoparticle transformation September 20th, 2017

Solar-to-fuel system recycles CO2 to make ethanol and ethylene: Berkeley Lab advance is first demonstration of efficient, light-powered production of fuel via artificial photosynthesis September 19th, 2017

New insights into nanocrystal growth in liquid: Understanding process that creates complex crystals important for energy applications September 14th, 2017

Magnetic cellular 'Legos' for the regenerative medicine of the future September 12th, 2017

Announcements

GLOBALFOUNDRIES Delivers 8SW RF SOI Technology for Next-Generation Mobile and 5G Applications: Advanced 8SW 300mm SOI technology enables cost-effective, high-performance RF front-end modules for 4G LTE mobile and sub-6GHz 5G applications September 20th, 2017

GLOBALFOUNDRIES Unveils Vision and Roadmap for Next-Generation 5G Applications: Technology platforms are uniquely positioned to enable a new era of ‘connected intelligence’ with the transition to 5G September 20th, 2017

GLOBALFOUNDRIES Delivers Custom 14nm FinFET Technology for IBM Systems: Jointly developed 14HP process is world’s only technology that leverages both FinFET and SOI September 20th, 2017

GLOBALFOUNDRIES Introduces New 12nm FinFET Technology for High-Performance Applications September 20th, 2017

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