capital-saving innovation

labor-saving innovation [ labor-saving invention ]

capital-saving invention

The last three years have seen a marked improvement in the conditions for innovation financing through risk capital in the Union.

- Supporting innovation through risk capital.

To move Europe's productivity frontier, it is necessary to increase innovation and human capital and to ensure an integrated well-functioning Digital Single Market.

12. Considers that an adequate allocation and efficient use of public and private funds is crucial in order to stimulate the real economy and to foster recovery in all Member States, and with a view to a resource-efficient economy; welcomes, therefore, the EUR 300-billion investment programme proposed by Commission President Jean-Claude Juncker; supports the Commission’s recommendation to give priority to public investment in infrastructure, research, innovation and human capital; stresses the need to enhance access to finance and points out that major differences in access to credit further e ...[+++]xacerbate the growing internal divergence trends; considers, furthermore, that these investments should serve to launch a consistent and integrated industrial policy and should be accompanied by a particular focus on jobs, especially for young people;