This week, the German government’s investment summit sent a clear signal. As an innovation location, Germany, and indeed the whole of Europe, is facing mounting pressure from international competition. A new study by Fraunhofer ISI on behalf of the European Round Table for Industry (ERT) reveals the role that powerful innovation clusters could play in Europe’s competitiveness in the future. Although Europe still has strong research locations and industrial innovation clusters, there is the risk of the continent falling behind the US and China when it comes to investment in new and emerging fields of technology. The study therefore recommends consolidating existing strengths and focusing on enhancing internationally competitive innovation clusters in Europe.
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