The Commission has presented the Competitiveness Compass, the first major initiative of this mandate providing a strategic and clear framework to steer the Commission’s work.
The Compass sets a path for Europe to become the place where future technologies, services, and clean products are invented, manufactured, and put on the market, while being the first continent to become climate neutral.
Among many initiatives, we highlight the ones related to closing the innovation gap: The EU must reignite its innovation engine. We want to create a habitat for young innovative start-ups, promote industrial leadership in high growth sectors based on deep technologies and promote the diffusion of technologies across established companies and SMEs. In this respect, the Commission will propose ‘AI Gigafactories‘ and ‘Apply AI‘ initiatives to drive development and industrial adoption of AI in key sectors. It will table action plans for advanced materials, quantum, biotech, robotics and space technologies. A dedicated EU Start-up and Scale-up Strategy will address the obstacles that are preventing new companies from emerging and scaling up.
Read the full press release.
Source: European Commission | Shaping Europe’s Digital Future | News & Views (https://shorturl.at/osdni)