Europe’s Innovation Union (projects.research-and-innovation.ec.europa.eu)

• Sweden, Germany, Denmark, and Finland are innovation leaders.
• Horizon 2020 is the key funding program for research and innovation.
• Target: 3% of EU GDP on R&D by 2020.

"The Innovation Union is a flagship of the Europe 2020 strategy, aiming to boost jobs and growth through research and innovation. It fosters an innovation-friendly environment, public-private partnerships, and Horizon 2020 funding. Targets include investing 3% of GDP in R&D by 2020, potentially creating 3.7 million jobs."