TAILIEUCHUNG - COMMUNICATION FROM THE COMMISSION TO THE COUNCIL AND THE EUROPEAN PARLIAMENT Innovation in a knowledge-driven economy

The importance of innovation was highlighted by the March 2000 European Council in Lisbon. As a response to the challenges of globalisation and the new knowledge-driven economy, the European Council called for a challenging programme for building knowledge infrastructures, enhancing innovation and economic reform, and modernising social welfare and education systems. This is encapsulated in the strategic goal set at Lisbon for the next decade: the Union to become the most competitive and dynamic knowledge-based economy in the world, capable of sustainable economic growth with more and better jobs and greater social cohesion. | EN COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, xxx COM(2000) 567 final COMMUNICATION FROM THE COMMISSION TO THE COUNCIL AND THE EUROPEAN PARLIAMENT Innovation in a knowledge-driven economy TABLE OF CONTENTS 1. Introduction . 4 . Innovation is a key factor in enterprise policy. 4 Need for the Communication 5 Content of the Communication. 6 2. Trends in European innovation policy 6 Progress since the 1996 Innovation Action Plan 6 All Member States have innovation policies . 7 Reform of the patent system is progressing. 9 The administrative and regulatory environment is still too complex 9 Investment in innovation is being encouraged. 9 Promoting research that feeds into innovation. 10 Technology absorption by enterprises is enhanced 10 Technology valleys are created. 11 Technology-based start-ups are a growing priority 11 3. Innovation performances in the Union . 12 Insufficient capacity to launch new products and services. 12 Globalisation and innovation 12 Not enough graduates and students with relevant .

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