Community Research and Development Information Service - CORDIS


Innovation policy in a knowledge-based economy

Funded under: FP5-INNOVATION-SME


Innovation Policy Studies - Innovation Policy

Since the publication of the European Commission's 1996 First Action Plan for Innovation in Europe(1), the European Union has adopted a system-based approach to innovation policy. In this conceptual framework, technical change and innovation are understood to take place within local, regional, national and European systems which are both dynamic and complex, involving many different processes and many different actors and institutions. The ultimate goal of innovation policy is to support an increase in the productivity, profitability and market share of European firms through the development and adoption of new or improved products, processes and services. However, measures designed to raise the quantity and efficiency of innovative activities should not focus exclusively on the production and exploitation of new technologies, but must take account of the highly interdependent links between all the many 'innovation actors'. These include not only universities, research centres and industrial firms, but also investors, technology transfer professionals, national and regional policy-makers, patent attorneys and consultants, trade associations and chambers of commerce, and others.

The report is published by the Innovation Directorate of DG Enterprise as Innovation Papers no.2 (EUR 17023)

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