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Open Innovation

The objective of Open Innovation is to enable ideas to circulate more freely. Image credit: Pexels/ startupstockphoto.com
The objective of Open Innovation is to enable ideas to circulate more freely. Image credit: Pexels/ startupstockphoto.com

Research and innovation are essential for a successful, modern economy, and they are at the heart of the European Commission's policies to boost jobs, growth and investment. However, while Europe excels in research, we are not good enough at investing in innovation at speed and scale, which is why the EU’s Commissioner for Research, Science and Innovation, Carlos Moedas, has set the goal of Open Innovation. The basic premise is to open up the innovation process to all active players so that new ideas can circulate more freely and be transformed into products and services that create new markets, fostering a stronger culture of entrepreneurship.

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