The European Court of Auditors has issued a report stating that 17 billion euros in European Union funding allocated for industrial innovation between 2014 and 2020 failed to reach the market effectively. The audit found that these resources were not consistently directed toward projects with the highest commercial potential.
This assessment highlights a significant disconnect between EU financial support and the successful commercialization of industrial innovation. The findings suggest that the strategic allocation of these funds did not prioritize projects capable of achieving measurable market impact during the specified period.
In-depth summary · AI, neutral