President Ursula von der Leyen presented the European Commission’s five-year plan at the end of January to boost Europe’s competitiveness and make Europe a place where future technologies, services, and clean products are invented, manufactured and brought to market. Read the European Commission President’s full statement.
The so-called Competitiveness Compass amplifies previous recommendations made by Mario Draghi to secure the future of European competitiveness and effectively creates a roadmap to implement them.
The Compass puts a firm focus on AI, with further action plans for other named tech sectors considered essential for Europe’s competitiveness, notably robotics, advanced materials, quantum, biotech, and space technologies.
Another clear element of the Competitiveness Compass is an EU Start-up and Scale-up strategy to tackle obstacles which preventing new companies from emerging or which impede their growth. This echoes a key recommendation made in the European Robotics Strategy published by euRobotics late last year.
Read more about the new Competitiveness Compass