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Content archived on 2024-06-18

The changing nature of Internationalization of Innovation in Europe: impact on firms and the implications for innovation policy in the EU

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Innovation amid globalisation

European innovation is driven by the dynamic forces of globalisation, such as international research collaborations and foreign markets for new technologies. An EU-funded project has gained some insight into these dynamics and how they affect policies geared toward cementing Europe's role in the global economy.

Industrial Technologies icon Industrial Technologies

The Globinn project investigated the knowledge sourcing strategies of European firms. These strategies include global trading, licencing, dispersal of technologies and strategic research alliances. The project performed a holistic analysis using publically available data, and information from national statistical offices and firms. It compared European firms with those in Japan and the United States, and examined how these firms engage with companies in emerging countries like China. The project also looked at how firms' knowledge sourcing strategies affected their innovation and performance. Evidence collected and knowledge produced by the Globinn initiative will act as a solid base to inform policy discussions. It therefore played a vital role in helping the EU address innovation challenges in a changing global economy.

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