It is one of the flagship initiatives of the Europe 2020 Strategy and it proposes a new strategic approach to innovation.
With the EC Communication on 6th October 2010 [COM (2010 ) 546 final] it aims to support and encourage innovation at all stages of research and development, having, at the same time, a positive impact on employment, economic growth and the social and cultural development in the EU by 2020.
The Innovation Union is based on some key actions:
- To develop knowledge and skills, and to modernise education and training systems with a major focus on scientific education
- To promote scientific and technological cooperation and collaboration in building European research infrastructures among the Member States of the European Research Area
- To strengthen the cooperation between the world of science and the world of business
- To promote innovative companies and to facilitate interoperability between innovative products and systems
- To promote joint research initiatives and technology transfer among the Member States encouraging creativity, and to establish partnerships for innovation
- To enhance social and territorial cohesion