Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-03-11-Speech-2-060"
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"en.20080311.8.2-060"2
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"Ladies and gentlemen, World Intellectual Property Organisation figures clearly show that Europe’s problem is not a lack of new ideas; what is missing is their transformation into business opportunities.
It will not be the European Institute of Innovation and Technology that will ensure success in a global economy. Innovative competitiveness will be helped only through a greater availability of funds, including risk capital, and by a creative environment and a true academic and entrepreneurial freedom along with an appropriate reward system for outstanding scientific results.
Ladies and gentlemen, I am fundamentally against the establishment of the European Institute of Innovation and Technology. It will not guarantee the EU a competitive advantage. It will be only be a superfluous structure, duplicating structures that already exist for the promotion of science, development and education. It will be yet another place that will gobble up the taxpayers’ money without any value added.
Moreover, it threatens to follow the failure of the Galileo system. The private sector, whose money the Commission and the Council are relying upon, does not see why it should finance a senseless dream of politicians and officials."@en1
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