Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-686-000"

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"Innovation means the successful implementation of ideas in practice. We must not allow the Innovation Union to remain merely an exciting idea, a political objective. In the Committee on Budgets, we are working on firmly implanting the Europe 2020 flagship in the European Union’s strategy through an independent financial framework. The Innovation Union is able to play a role in transforming the crisis-laden economy of Europe, which will be guided by sustainable job creation. If 3% of the EU’s GDP can really be earmarked for research and development by 2020, 3.7 million new jobs will be created, which would increase annual GDP by some EUR 800 million by 2025. We must treat it as a fact that the key to and, at the same time, the only effective tool for the European Union’s economic recovery is research and innovation. This is why we must unanimously support Member States devoting 1% of their gross domestic product to research and technological development. Willingness to take risks is a prerequisite for successful innovation, but this does not mean a risky investment for Member States now. The return is guaranteed. In order to maintain European competitiveness, a change of approach is needed, the key drivers of which are enhancing innovation potential and encouraging more people in Europe to become entrepreneurs. This is why we revised the Small Business Act, making it consistent with the Single Market Act, which is able to show synergy with the Innovation Union as well. Our measures must be harmonised, because this way, efficiency is also increased many fold."@en1

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