LONDON The European Commission has identified nanotechnology, electronics and photonics as key enabling technologies (KETs) that are of strategic interest to the European Union. Advanced materials and biotechnology are also listed in a report that goes on to discuss ways in which greater support should be offered to these disciplines.
"The deployment of KETs in the EU is not only of strategic importance but is indispensible," the report states before going on to admit that the EU does not effectively capitalize on its R&D results.
The report identifies relatively low levels of venture capital funding and private investment in Europe and a fragmentation of policy initiatives as two challenges facing the development of strategic interests.
Without offering more money the report indicated that their should be an increased "focus" on the enabling technologies and on the transfer of technology transfer to market and on "EU-wide supply chains."
The Commission said it intends to carry out a review of the policy framework on state aid for key enabling technologies in 2010 and would look at the use of public procurement of pre-commercial technology to stimulate market leading positions.