1. Hungary-EU-Israel Workshop Start-Ups and Innovation Tel Aviv, 30th May 2011 The Innovation Union flagship initiative and framework conditions : How to provide incentives for start-ups early-stage innovation? Emilie Tack, Innovation Policy Unit DG Research and Innovation

4. Research and innovation performance: EU Member States Source: Innovation Union Scoreboard 2010 Note: the index used for comparison in the this chart is based on a set of 24 indicators Strong variations across Member States ES EU

6. Our partners invest more in higher education Expenditure on tertiary education (% GDP)

7. US leads top universities ranking % in the top university institutions of the 2010 Shanghai list Source: European Commission

8. Students enrolment Number of undergraduate students 0 1 2 3 4 5 6 7 02 03 04 05 06 07 08 09 Millions China Source: DB Research, Eurostat, Figures for 2008-2009 for EU+US+JP are estimates National Statistics of China, 2010 Japan United States EU

11. Key Framework conditions Source: Eurostat R&D procurement expenditures ( excl. defence ) in the US and EU in Bn € - 2007 Source: European Commission Early-stage Venture Capital in Bn €, 2000 and 2009

17. After 2013? Greater investment in R&D Next MFF Debt and equity Financial instrument ? Europe 2020 Europe 2020

20. Current Programme s (2007/2013) R&D 7FP (DG RTD) Innovation (i) CIP (DG ENTR) Future Programme (2014/2020) R&D&I CSF EIPs Innovation Union Towards a Common Strategic Framework The European Institute for Innovation and Technology

23. Thank you for your attention