R&I: finding tomorrow’s Einsteins and Jobs

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Policy-makers all around the world are seeking fresh and innovative ways to boost economic growth, create new jobs and improve the competitiveness of their industries. However, due to complexity and the lack of immediate results, improvements to the level of research and innovation (R&I) remains a “high-hanging fruit” initiative. Nevertheless, with proper execution, it can have a significant impact on the well-being of citizens; furthermore, the results of R&I can be beyond imagination.

As it is not possible to support all types of research in a country or within the region, the question of which areas and goals should be supported is a contentious one.

In this article, we explain how EY helped to assess the feasibility and potential impact of a proposed EU fund supporting R&I projects in the Danube Region (DR). During our cooperation with DR representatives, which lasted approximately a year, we engaged in numerous dealings with stakeholders from public and private sectors across 14 DR countries in order to arrive at the results.

The aims of the project were to assess whether additional support to international R&I is required and to identify which scientific areas should be supported and by what means.

We provide some key learning points for other regions that might be looking to develop initiatives to encourage economic development via R&I.

The complete article was written by:

  • Petr Knap
    Partner, Advisory Services, EY, Czech Republic
  • Vladimir Kastier
    Manager, Advisory Services, EY, Slovakia
  • Rastislav Sramota
    Senior Consultant, Advisory Services, EY, Slovakia
  • Simona Katonova
    Consultant, Advisory Services, EY, Slovakia

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