Europe's top research universities have urged the European Union to take finance, competition and entrepreneurship fully into account when charting a future for the proposed EU 'Innovation Union'. Universities have an important role in innovation: "They do not operate in isolation but are an intrinsic part of a larger innovation ecosystem," said the League of European Research Universities, LERU.
LERU, which comprises the 22 top research-intensive universities in the EU member countries, said that while Europe was highly competitive when it came to developing new knowledge, "it is less successful at turning this knowledge into the innovative products and services that drive world class economies".
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