Innovation Union - The EU's Newest Flagship Initiative

This initiative is the latest of the seven flagship initiatives of the Europe 2020 Strategy for a smart, sustainable and inclusive economy. It sets out a strategic approach to boosting Europe's research and innovation performance and focuses on what are considered to be the major areas of concern for citizens such as climate change, energy efficiency and healthy living. It aims to achieve three objectives: make Europe into a world-class science performer; revolutionize the way public and private sectors work together, notably through Innovation Partnerships; and remove bottlenecks – like expensive patenting, market fragmentation, slow standard setting and skill shortages – that currently prevent ideas getting quickly to market.

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