24 May 2022
European Semester Spring Package: R&I crucial to boosting competitiveness
On 23 May 2022, the 2022 European Semester Spring Package was published. It aims to provide Member States with support and guidance two years on from the first impact of the COVID-19 pandemic and in the midst of Russia's ongoing invasion of Ukraine.
The package shows that Research and Innovation (R&I) remain a vital tool to boost Member States’ competitiveness, and are instrumental for the twin transitions and for the EU’s open strategic autonomy. The European Commission underlines that in the current context, effective and well-coordinated research and innovation instruments together with further efforts to bridge the gap between innovation and market are crucial to accelerate the green and digital transitions and reduce fossil fuel dependence in all EU countries and regions. While the substantial set of R&I reforms and investments included in the RRPs should significantly contribute to strengthening Member States’ R&I systems, several countries will need to take further actions to strengthen their innovation landscape and tackle the challenges they face in the R&I field. Such actions include improving science-business linkages, facilitating knowledge transfers, producing excellence, fostering business innovation including through support of SMEs, start-ups and social enterprises, expanding the regional base of their national R&I public and private ecosystem and attracting talent. In doing so, suitable financial allocation, coupled with clearly articulated research and innovation objectives and funding targets are instrumental, according to the Communication.