This document discusses innovation in Spain and Europe from a variety of perspectives. It begins by noting that innovation is important but difficult to achieve, requiring profound changes. It then examines Europe's high ambitions for innovation over the past two decades that have not been fully realized based on statistics that show Europe lagging behind other regions in areas like research spending and new business creation. The document offers personal impressions that innovation in Europe faces challenges in commercializing inventions, while Spain's culture does not highly value risk-taking and entrepreneurship needed for innovation.