Sweden is leader in terms of innovation in the European Union, followed by Denmark, Finland, Netherlands, the UK and Luxembourg, whereas Romania is last, the 2018 European Innovation Scoreboard, conducted by the European Commission reads.
In the past 8 years, the performance regarding innovation have increased in 18 Member States and have fallen in 10. The highest growth was registered in Lithuania, Malta, Netherlands, UK and the steepest decrease in Cyprus and Romania, europa.eu informs.
The Commission’s 2018 European Innovation Scoreboard published on Friday shows that the EU’s innovation performance continues to improve, but further efforts are needed to ensure Europe’s global competitiveness.
Elżbieta Bieńkowska, Commissioner for Internal Market, Industry, Entrepreneurship and SMEs, said: “The 2018 Scoreboard shows again that Europe has a wealth of talent and entrepreneurial spirit, but we must do better at turning this excellence into success. The EU, Member States, regions and industry, including our many SMEs, have to work together to increase the allocative efficiency of our economy, improve the functioning of the internal market and help ensure that Europe remains at the international forefront of innovation.”
Carlos Moedas, Commissioner for Research, Science and Innovation, added: “This edition of the Scoreboard shows yet again that Europe is strong in science but underperforming on innovation. The renewed agenda for research and innovation sets out a range of measures for Europe to become a global innovation leader. Our proposals for Horizon Europe, the next EU research and innovation programme, will accelerate innovation along the full value chain and support the identification and scale-up of breakthrough innovations.”