Innovation and R&D will be critical for EU competitiveness and sustainability

Innovation is the real driver of growth and the key to creating employment, developing novel technologies and finding new solutions to tackle the challenges we face today and thus to increase competitiveness. Europe urgently needs to respond to the global rise in research, development and innovation (RD & I) spending by quickly achieving its goal of investing 3% of GDP (in comparison to 2.2% in 2022).