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Fredrik Erixon, a director at the European Centre for International Political Economy, highlighted the importance of investing in research-focused universities as the key factor in economic development and social progress. He emphasised that the EU would have to start investing more heavily in development if it wished to catch up with more innovative countries, since the share of GDP given over to research across the EU overall was much lower than in the USA, China, South Korea and some of the other most innovative countries – a fact that clearly had an impact on progress and economic growth. Dutch education minister Rianne Letschert pointed out that investments in knowledge and R&D were not a cost as such, but a long-term investment with high returns for society and the economy.

The event was also addressed by MEPs Eszter Lakos and Siegfried Mureșan. In her speech, Lakos drew attention to the importance of the upcoming FP10 Research and Innovation Framework Programme for reducing the gap between Europe and other countries in terms of innovation, while MEP Siegfried Mureșan pointed out that an ambitious EU budget would be required, supported by the Union’s own funds, if the goals of FP10 were to be achieved. He also highlighted the fact that research and innovation were key to efforts to strengthen competitiveness in all sectors, including agriculture.

Particular focus was placed on the role of universities in the European research and innovation arena. Professor Gregor Majdič, Rector of the University of Ljubljana and member of the EUA board, stressed that universities were the foundation of the entire knowledge-creation chain, from basic research to innovation and enterprise, and that the EU urgently needed to strengthen it and the links within it in particular. In Europe today, we have excellent science and a well-connected research area, but the same cannot be said of the innovation system, which needs urgent improvement. That said, basic science must remain autonomous and sufficiently well financed, as it is only from basic science that new world-changing discoveries emerge. “We must build bridges between basic science and innovation, but in doing so we must not weaken the foundations that basic science provides. Without strong basic science, we will lose the opportunity to resolve future challenges.”