[{"command":"openDialog","selector":"#drupal-modal","settings":null,"data":"\u003Cdiv id=\u0022republish_modal_form\u0022\u003E\u003Cform class=\u0022modal-form-example-modal-form ecl-form\u0022 data-drupal-selector=\u0022modal-form-example-modal-form\u0022 action=\u0022\/en\/article\/modal\/6439\u0022 method=\u0022post\u0022 id=\u0022modal-form-example-modal-form\u0022 accept-charset=\u0022UTF-8\u0022\u003E\u003Cp\u003EHorizon articles can be republished for free under the Creative Commons Attribution 4.0 International (CC BY 4.0) licence.\u003C\/p\u003E\n \u003Cp\u003EYou must give appropriate credit. We ask you to do this by:\u003Cbr \/\u003E\n 1) Using the original journalist\u0027s byline\u003Cbr \/\u003E\n 2) Linking back to our original story\u003Cbr \/\u003E\n 3) Using the following text in the footer: This article was originally published in \u003Ca href=\u0027#\u0027\u003EHorizon, the EU Research and Innovation magazine\u003C\/a\u003E\u003C\/p\u003E\n \u003Cp\u003ESee our full republication guidelines \u003Ca href=\u0027\/horizon-magazine\/republish-our-stories\u0027\u003Ehere\u003C\/a\u003E\u003C\/p\u003E\n \u003Cp\u003EHTML for this article, including the attribution and page view counter, is below:\u003C\/p\u003E\u003Cdiv class=\u0022js-form-item form-item js-form-type-textarea form-item-body-content js-form-item-body-content ecl-form-group ecl-form-group--text-area form-no-label ecl-u-mv-m\u0022\u003E\n \n\u003Cdiv\u003E\n \u003Ctextarea data-drupal-selector=\u0022edit-body-content\u0022 aria-describedby=\u0022edit-body-content--description\u0022 id=\u0022edit-body-content\u0022 name=\u0022body_content\u0022 rows=\u00225\u0022 cols=\u002260\u0022 class=\u0022form-textarea ecl-text-area\u0022\u003E\u003Ch2\u003EEU expected to narrow innovation gap with US and Japan \u2013 report \u003C\/h2\u003E\u003Cp\u003EInnovation represents the critical step between generating research ideas in the laboratory and turning them into viable commercial products that could help create jobs and growth.\u003C\/p\u003E\u003Cp\u003EThe Innovation Scoreboard is generated by the European Commission every year in order to examine the relative state of innovativeness of EU Member States, and to compare the EU globally with countries such as the US, South Korea, Japan and the BRIC (Brazil, Russia, India and China) countries.\u003C\/p\u003E\u003Cp\u003EIt shows that Sweden retained its crown as Europe\u2019s innovation leader in 2015, while Latvia became the country with the fastest growth in innovation performance.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EDecline\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EHowever, while some countries have steamed ahead, the majority of EU Member States have seen their innovation performance decrease.\u003C\/p\u003E\u003Cp\u003EYear-on-year, 17 out of the 28 EU Member States saw their innovativeness decline, impacted by a fall-off in venture capital investments and a slowdown in innovation in small- and medium-sized enterprises (SMEs).\u003Cblockquote class=\u0022tw-text-center tw-text-blue tw-font-bold tw-text-2xl lg:tw-w-1\/2 tw-border-2 tw-border-blue tw-p-12 tw-my-8 lg:tw-m-12 lg:tw--ml-16 tw-float-left\u0022\u003E\n \u003Cspan class=\u0022tw-text-5xl tw-rotate-180\u0022\u003E\u201c\u003C\/span\u003E\n \u003Cp class=\u0022tw-font-serif tw-italic\u0022\u003E\u2018The Commission is doing its part by promoting innovation across policy areas.\u2019\u003C\/p\u003E\n \u003Cfooter\u003E\n \u003Ccite class=\u0022tw-not-italic tw-font-normal tw-text-sm tw-text-black\u0022\u003ECarlos Moedas, European Commissioner for Research, Science and Innovation\u003C\/cite\u003E\n \u003C\/footer\u003E\n\u003C\/blockquote\u003E\n\u003C\/p\u003E\u003Cp\u003EThere are a series of EU policies underway to try and generate growth and innovation, including the EUR 315 billion Investment Plan launched by European Commission President Jean-Claude Juncker in 2014, the proposed\u0026nbsp;European fund of funds to rally venture capital investment across the region, and the planned European Innovation Council to help funnel support to innovative SMEs.\u003C\/p\u003E\u003Cp\u003E\u2018The Commission is doing its part by promoting innovation across policy areas,\u2019 said Carlos Moedas, European Commissioner for Research, Science and Innovation.\u003C\/p\u003E\u003Cp\u003EEl\u017cbieta Bie\u0144kowska, European Commissioner for the Internal Market, Industry, Entrepreneurship and SMEs, said: \u2018At EU level, we need to simplify VAT regulation, adapt insolvency rules, make information on regulatory requirements more easily accessible and work on a clear and SME-friendly intellectual property framework.\u2019\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003ENarrow the gap\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EAccording to the report, Europe is expected to continue to close the gap with the US and Japan by 2017. That will be mostly thanks to an expected increase in the number of people in further education relative to Japan and the US, and greater forecast growth in license and patent revenues from abroad compared with the US.\u003C\/p\u003E\u003C\/textarea\u003E\n\u003C\/div\u003E\n\n \u003Cdiv id=\u0022edit-body-content--description\u0022 class=\u0022ecl-help-block description\u0022\u003E\n Please copy the above code and embed it onto your website to republish.\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003Cinput autocomplete=\u0022off\u0022 data-drupal-selector=\u0022form-iwrkdyewaysxjmdpg4zhbvz9upsgg64n3ra8vxdyrbu\u0022 type=\u0022hidden\u0022 name=\u0022form_build_id\u0022 value=\u0022form-iWrKDyEWaYSxJmDPG4zhbvZ9upSgG64N3Ra8vxdYrbU\u0022 \/\u003E\n\u003Cinput data-drupal-selector=\u0022edit-modal-form-example-modal-form\u0022 type=\u0022hidden\u0022 name=\u0022form_id\u0022 value=\u0022modal_form_example_modal_form\u0022 \/\u003E\n\u003C\/form\u003E\n\u003C\/div\u003E","dialogOptions":{"width":"800","modal":true,"title":"Republish this content"}}]