Luxembourg Pushes for a European Innovation Council

At the Competitiveness Council in Brussels today, Luxembourg’s minister for higher education, Marc Hansen, advocated for the creation of a European Innovation Council.

Minister Hansen pointed out that among the criteria for success of the EIC are excellence, a high European added value, a clear mission, increased simplification and a balance between research and market-based innovation.

Subsequently, the research ministers adopted Council conclusions on the streamlining of research and innovation (R & I) monitoring and reporting structures.

At the same meeting, Deputy Prime Minister Étienne Schneider encouraged the European Commission to further develop support for innovative business initiatives and private investment in the space strategy domain. He invited the Commission to continue to rely on the expertise and experience of the European Space Agency.

Minister Schneider invoked the recent Luxembourg initiative to support the development of a new space economy based on the use of space resources and invited other member states to join the initiative.