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CHAPTER 2 - CLOSING THE INNOVATION GAP - Coggle Diagram
CHAPTER 2 -
CLOSING THE INNOVATION GAP
Europe's Productivity Challenge
Gap with US widened
Low investment in key technologies
Persistent weak productivity growth
Innovation System Weaknesses
Few scale-ups and unicorns
Insufficient private productive investment
Strong science but weak commercialisation
Key Structural Barriers
Incomplete Single Market in many sectors
Insufficient risk capital & venture funding
Fragmented markets & regulation
Complex regulatory and funding landscape
Digitalisation & Advanced Technologies
ICT adoption hampered by weak management
Micro and small firms especially affected
Slow diffusion of digital technologies
Sector Examples (Telecom & Pharma)
Pharma: use European Health Data Space (EHDS)
Open secondary use of health data for R&I
Support investment in connectivity & new standards
Scale up genome sequencing capacities
Telecom: need EU-level markets & consolidation
Closing Skill Gaps
77% say new hires lack required skills
Skills missing also at managerial level
A quarter of firms face severe hiring difficulty
Around half face some difficulty
Demographics - shrinking labour force
Persistent shortages in many occupations
Brain drain of STEM talent overseas
European Skills Strategy
Tackle underuse of existing talent
Support adaptation to digital & green transitions
Address all stages of education
The Skills Aquisition Programme
EU academic scholarships, especially in STEM
Internships and graduate contracts in EU centres
EU-level visa for students & researchers
Retain competencies early in researchers' careers
Strenghthening R&I Capacity
Provide guidance on AI in lifecycle of medicines
Make EU more attractive for clinical trials
Facilitate access to electronic health records
Create world-class life science innovation hubs
Accelerate digitisation of health systems