Research Paper (undergraduate) from the year 2020 in the subject
Economics - Innovation economics, grade: 1,3, Hertie School of
Governance, course: Technology Policy & Digital Transformation,
language: English, abstract: When looking at innovation capabilities,
Germany is amongst the front-runners in the world, according to
different sources and studies. Also, many European countries are ranked
in the top tier when it comes to innovation and competitiveness. Still,
major players and business models in digital innovation and
transformation seem to come from the United States. The topic at hand is
whether Europe can become a world leader in innovation and digital
transformation in the future by uniting their efforts and pool their
capabilities and resources e.g. in a joint institution to gain the top
spot globally and also stay there in the upcoming decades. This paper
tries to introduce a concept of how Europe can bundle their
capabilities, as this poses a significant challenge for Germany as the
innovation leader in Europe as well as for Europe in general, inheriting
so many capabilities in e.g. Switzerland, Sweden or the United Kingdom.
The paper lays out some definitional foundations, followed by a brief
overview of institutions in Germany and Europe and then tries to
introduce a possible solution how to unite resources and facilities to
strengthen the European path to innovation leadership, followed by a
conclusion.
