Western Balkans

*This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence.

Subscribe to our newsletter

Innovation, How to convert Research into Commercial Success Story? Part 3: Innovation Management for Practitioners

A key objective of publicly-funded research is that it should lead to the exploitation of results, which goes one step further than the mere production and dissemination of new scientific knowledge. Such an approach is essential to tackle the “European paradox”: a strong science base but weak innovation performance (exploitation).

Therefore, increased emphasis is placed on innovation in EU-funded R&D projects. Innovation is understood as any activity aiming to promote not only the dissemination, but especially the subsequent exploitation of the results of the R&D projects.

Accordingly, consortia are encouraged to include innovation-related activities in their project, and such activities may be supported by EC funding under the same conditions as R&D activities.

This publication aims at providing to researchers a better understanding of the innovation process. It is mainly based on the findings of two reports:

• “How to convert research into commercial success stories? Analysis of EU-funded research projects in the field of industrial technologies”.

• “How to convert research into commercial success story? Analysis of innovation successes in the field of industrial technologies”.

These reports provide qualitative analysis based on a sample projects and present case studies. They can be downloaded via the Industrial technologies Innovation Platform (see p. 18 for more information).

The focus of this publication is on innovation management for key enabling technologies projects.

Document type