Title page
Contents
1. Executive summary 3
2. Less is More: Priority-setting in the age of technological acceleration 4
2.1. NO ECONOMIC SECURITY WITHOUT TECHNOLOGY LEADERSHIP 4
2.2. EUROPE'S CHOICE OF FOCUS 4
2.3. TOWARDS A WHOLE-OF-GOVERNMENT APPROACH 5
2.4. MAPPING EUROPE'S STRENGTHS 6
2.5. DOUBLING DOWN ON TECHNOLOGY CONVERGENCE 6
2.6. THE VALUE CHAIN APPROACH 6
2.7. TWO-TIER TECHNOLOGY STRATEGY 7
2.8. INFRASTRUCTURE AS A PUBLIC GOOD 7
3. Balancing deployment and disruptive innovation 8
4. Minding the gap in funding 9
4.1. INVESTING AT THE TECHNOLOGICAL FRONTIER 10
4.2. SECURING ADEQUATE SCALE-UP FUNDING 10
4.3. FUNDING DISRUPTIVE INNOVATION FOR ECONOMIC SECURITY: FUTURA TECH FUND 11
4.4. ACTIVATING DORMANT CAPITAL 13
4.5. STRATEGIC AND NON-DISTORTIVE APPLICATION OF STATE AID 13
5. Boosting demand for technology innovation 14
6. Facilitating factors and provision of talent 15
6.1. ONE TECH MARKET 15
6.2. BRINGING IN THE TALENT 16
Conclusions: Bringing about a change of mindset 16
Endnotes 18
Fig. 1. FACTORS IMPACTING INVESTMENT IN CLEANTECH 5
Fig. 2. FUNDING FOR TECHNOLOGY DEVELOPMENT. OVERVIEW OF EUROPE'S POSITION 9
Fig. 3. FUNDING INTERVENTIONS BY THE EIB GROUP TO SUPPORT THE GROWTH OF EUROPEAN TECHNOLOGY COMPANIES 11