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Industrial innovation for transformation: New science & policy insights

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—This article introduces the main challenges, the latest scientific evidence and policy issues, and the science and policy areas to be further developed related to industrial innovation and its role for sustainability and prosperity in Europe. —New innovations and integrated production structures need updated management practices. Territorial and economic disparities, and firms' performance heterogeneity depend on the differences in innovation diffusion and adoption rates. —Mixed consequences on the labour force and structural inequalities originate from advanced digitalisation, while sustainable technologies may have a significant positive impact on employment and industrial composition. —Disruptive transformative EU policies should be set up to trigger the exploration of innovation with the highest expected economic, social and employment returns, which are able to also attract industrial investment.
2019-11-29
European Commission
JRC118831
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