Chapter 8: Research and innovation
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The European Commission has, in particular since the eruption of the 2008 global financial crisis, repeatedly argued for the importance of research and innovation (R & I) investment as a smart, lasting way out of the crisis and, in the current period of economic recovery, as a source of renewed growth, for strengthening the European Union’s global competitiveness, and for addressing global societal challenges. This chapter focuses on how the Commission and its Directorate-General for R & I from a political entrepreneurial angle contribute to the Europe 2020 objectives by taking initiatives that boost European R & I and that optimise its impact, where R & I is considered essential both for addressing global challenges and in triggering smart, sustainable and inclusive growth, as well as job creation. It is argued that priority is given to R & I investment, the promotion of reforms in national R & I systems, and an increase in funding levels of the EU framework programme for research to enable recovery and growth.

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