Conventional wisdom suggests that the current global financial crisis that started to unfold in the US around 2006,  will have a negative impact on R&D and innovation. From a “creative destruction” perspective, it could, however, have positive effects . Shift from traditional supply-side policies to demand-side innovation policies and take advantage of the opportunity created by the current crisis to spend up important reforms needed in Europe.

Read the chapter on Innovation support in times of economic crisis in the Inno-Learning platform annual report 2008-2009 “Working towards more effective innovation support in Europe” to which Innova strongly contributed.