Commission calls for doubling funding for ICT research and innovation
Making Europe the world leader in ICT is the goal of the new strategy proposed today by the European Commission. Today Europe represents 34% of the global information and communication technologies (ICT) market, and its value is growing by 4% per year. However, the value added produced by the EU's ICT sector amounts to only 23% of the total, because both Europe's market and research efforts are fragmented. As a result, Europe is lagging behind its global competitors in ICT research and in the production of innovative ICT-based products and services. The strategy proposed calls on Member States and industry to pool resources and work together more in ICT research and innovation. The strategy also proposes showcase ICT innovation projects to deliver modern services infrastructures in areas like healthcare and energy efficiency.