Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

The European Union has outlined its Internet innovation strategy. Viviane Reding, EU commissioner for information, society and media, says that European systems can become smarter and more efficient by harnessing the power of the Internet. The strategy, designed to boost European Internet infrastructures, will see the European Commission partner with national governments and IT companies to build up a 300 million euro (US$204 million) war chest to be used from 2011 through 2013, reports. This will be added to the 200 million euro (US$136 million) annual in IT support contributed by the Commission.

EU Outlines Aggressive Plans for Internet Innovation, Broadband Services