Shaping the Future: EU R&D Investments Explained

Florence Benoit, Athina Karvounaraki (), Alexis Stevenson () and Julien Ravet ()
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Athina Karvounaraki: European Commission, Directorate-General for Research and Innovation
Alexis Stevenson: European Commission, Directorate-General for Research and Innovation
Julien Ravet: European Commission, Directorate-General for Research and Innovation

EU research and innovation paper series from Directorate General for Research and Innovation (DG RTD) of the European Commission

Abstract: Research and Development (R&D) investment is essential for maintaining the European Union (EU)’s economic growth, enhancing global competitiveness, and securing long-term prosperity. This policy brief aims to offer a deeper understanding of how R&D investments are structured, financed, and leveraged to enhance Europe’s long-term prosperity. It provides a comprehensive overview of the current R&D investment landscape in the EU, highlighting key trends and challenges, as well as the role of both public and private R&D funding in driving innovation. Additionally, the brief explores the EU’s progress toward its 3% R&D investment target, alongside key recommendations from the Draghi and Heitor reports on the future EU budget for Research and Innovation.

Keywords: R&D investment; EU economic growth; global competitiveness; long-term prosperity; innovation; public R&D funding; private R&D funding; 3% R&D target (search for similar items in EconPapers)
JEL-codes: O32 O52 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2025-05
New Economics Papers: this item is included in nep-cse, nep-eec, nep-ino and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:eug:wpaper:ki-01-25-091-en-n

DOI: 10.2777/3117336

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