This project is funded by the European Union to support the Europe 2020 strategy. The Europe 2020 strategy has three priority areas: smart growth through innovation, sustainable growth through a green economy, and inclusive growth through employment. It contains five measurable targets and seven flagship initiatives to achieve these goals at both the EU and national level. The initiatives focus on innovation, digital growth, industrial policy, resource efficiency, and skills/jobs.

1. This Project is funded by the
Improved SME Competitiveness and European Union
Innovation Project
Underpinning the next CIP
EUROPE 2020
Dr Lisa Cowey MBA
28th January 20011
22/12/2010
Author: Dr. Lisa Cowey KE3

2. This Project is funded by the EU
EUROPE 2020
Three (3) interlocking and mutually reinforcing
priority areas:
Smart growth - developing an economy based on
knowledge and innovation.
Sustainable growth - promoting a low-carbon,
resource-efficient and competitive economy.
Inclusive growth - fostering a high-employment
economy delivering social and territorial cohesion.
3/4/2011 Improved SME Competitiveness and Innovation Project 2

3. This Project is funded by the EU
5 Measurable Targets
Five representative headline EU-level targets
Employment: 75 % of the population aged 20-64 employed.
Research and Innovation: 3% of the EU's GDP invested in R&D.
Climate change and energy: The "20/20/20" climate/energy targets
met.
Education: The share of early school leavers < 10% and at least
40% of the younger generation should have a degree or diploma.
Combating poverty: 20 million less people should be at risk of
poverty.
ØTranslated in to national targets and trajectories reflecting
current situation and level of ambition.

4. EUROPE 2020 7 Flagship Initiatives
This Project is funded by the EU
Smart growth an economy based on knowledge and innovation
Innovation Union
Digital agenda for Europe
Youth on the move
Sustainable growth promoting a more resource efficient, greener
and more competitive economy
An industrial policy for the globalisation era
Resource efficient Europe
Inclusive growth a high employment economy delivering
economic, social and territorial cohesion
An agenda for new skills and jobs
European platform against poverty
http://ec.europa.eu/europe2020/tools/flagship-
initiatives/index_en.htm

5. This Project is funded by the EU
EU Flagship initiatives
1. Innovation union
to improve
framework conditions
access to finance for research and innovation
Ø ensure that innovative ideas can be turned into products
and services that create growth and jobs
v re-focussing R&D and innovation policy on major
challenges, while closing the gap between science and
market to turn inventions into products.

6. Innovation Union
This Project is funded by the EU Translation to National level
At national level, Member States will need:
To reform national (and regional) R&D and innovation systems to:
Ø foster excellence and smart specialisation
Ø reinforce cooperation between universities, research and business
Ø implement joint programming and enhance cross-border co-
operation in areas with EU value added
Ø adjust national funding procedures accordingly, to ensure the
diffusion of technology across the EU territory;
v To ensure a sufficient supply of science, maths and engineering
graduates and to focus school curricula on creativity, innovation,
and entrepreneurship;
v To prioritise knowledge expenditure, including by using tax
incentives and other financial instruments to promote greater
private R&D investments.

7. This Project is funded by the EU
EU Flagship initiatives
2. A digital agenda for Europe to speed up the roll-out of high-speed
internet and reap the benefits of a digital single market for households
and firms.
3. An industrial policy for green growth to improve the business
environment, notably for SMEs, and to support the development of a
strong and sustainable industrial base able to compete globally.
4. Resource-efficient Europe to help decouple economic growth from
the use of resources, support the shift towards a low carbon
economy, increase the use of renewable energy sources, modernise
the transport sector and promote energy efficiency.
5. An agenda for new skills and jobs to modernise labour markets and
empower people by developing their of skills throughout the lifecycle
with a view to increase labour participation and better match labour
supply and demand, including through labour mobility.

8. A digital agenda for Europe :
This Project is funded by the EU translation to national level
To draw up operational high speed internet strategies, and
target public funding, including structural funds, on areas
not fully served by private investments;
To establish a legal framework for co-ordinating public
works to reduce costs of network rollout;
To promote deployment and usage of modern accessible
online services (e.g. e-government, online health, smart
home, digital skills, security).

9. An industrial policy for the globalisation era :
translation to national level
This Project is funded by the EU
To improve the business environment especially for
innovative SMEs, including through public sector
procurement to support innovation incentives;
To improve the conditions for enforcing intellectual
property;
To reduce administrative burden on companies, and
improve the quality of business legislation;
To work closely with stakeholders in different sectors
(business, trade unions, academics, NGOs, consumer
organisations) to identify bottlenecks and develop a
shared analysis on how to maintain a strong industrial and
knowledge base and put the EU in a position to lead
global sustainable development.

10. Resource efficient Europe :
This Project is funded by the EU translation to national level
To phase out environmentally harmful subsidies, limiting exceptions to
people with social needs;
To deploy market-based instruments such as fiscal incentives and
procurement to adapt production and consumption methods;
To develop smart, upgraded and fully interconnected transport and
energy infrastructures and make full use of ICT;
To ensure a coordinated implementation of infrastructure projects,
within the EU Core network, that critically contribute to the
effectiveness of the overall EU transport system;
To focus on the urban dimension of transport where much of the
congestion and emissions are generated;
To use regulation, building performance standards and market-based
instruments such as taxation, subsidies and procurement to reduce
energy and resource use and use structural funds to invest in energy
efficiency in public buildings and in more efficient recycling;
To incentivise energy saving instruments that could raise efficiency in
energy-intensive sectors, such as based on the use of ICTs.

11. An Agenda for new skills and jobs :
This Project is funded by the EU translation to national level
To implement their national pathways for flexicurity, as agreed by the
European Council, to reduce labour market segmentation and facilitate
transitions as well as facilitating the reconciliation of work and family life;
To review and regularly monitor the efficiency of tax and benefit systems
so to make work pay with a particular focus on the low skilled, whilst
removing measures that discourage self-employment;
To promote new forms of work-life balance and active ageing policies
and to increase gender equality;
Promote and monitor the effective implementation of social dialogue
outcomes;
To give a strong impetus to the implementation of the European
Qualifications Framework, through the establishment of national
qualification frameworks;
To ensure that the competences required to engage in further learning
and the labour market are acquired and recognised throughout general,
vocational, higher and adult education, including non formal and informal
learning;
To develop partnerships between the worlds of education/training and
work, in particular by involving social partners in the planning of
education and training provision.

12. This Project is funded by the EU
Cited resources
EUROPE 2020
A European strategy for smart, sustainable and inclusive growth .
http://europa.eu/press_room/pdf/complet_en_barroso___007_-_europe_2020_-_en_version.pdf
http://ec.europa.eu/europe2020/index_en.htm
Background document to the public consultation on a possible
successor programme to the Competitiveness and Innovation
Framework Programme 2007 2013
http://ec.europa.eu/cip/public_consultation/index_
en.htm
http://ec.europa.eu/cip/files/docs/background_document_en.pdf
3/4/2011 Improved SME Competitiveness and Innovation Project 12