EU presents plan to boost research spending [AP]
The European Commission presented a plan Wednesday to catch up with the United States and Japan in spending on research and development and to keep at bay rising powers like China and India.
The plan, which still needs the backing of European Union governments, calls for a “major upgrade” in prioritizing research and innovation in Europe.
The plans include better spending of EU aid to research firms and schools and boosting intellectual property protection. It also aims to encourage more industry-university partnerships.