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Illustration of this articleThe role of innovation is pivotal in tackling the economic, social and environmental challenges facing Europe, according to the recent Second European Innovation Summit held at the European Parliament in Brussels, Belgium. But getting ideas to market is a road often hampered by administrative bottlenecks and red tape. The causality is European competiveness and research in the global economy.

The summit, opened by Vice-president of the European Parliament Silvanan Koch-Mehrin under the Belgian Presidency of the Council of the European Union, discussed the role of innovation in energy efficiency, urban and regional mobility, sustained food security and agriculture, healthy ageing, and sustainable production. The gap, however, between the research conducted in these fields and the implementation of their results in the single market is widening.

'It's not so much about investing more in knowledge and in innovation but how to get a return back from these investments,' says Roland Strauss, Managing Director Knowledge4Innovation (K4I). K4I is a non-profit, independent multi-stakeholder platform with members from the European public, private and academic sectors.

To read the full, original article click on this link: European Commission : CORDIS : Newsroom : Role of innovation in addressing future challenges highlighted