Spotlight on PPPs first socio-economic impacts at the European Innovation Summit

Since their settlements in 2007-2008, the Public Private Partnerships (PPPs) are driving innovation in key industrial sectors, namely aviation (Clean Sky and SESAR), electronic components & systems (ENIAC and ARTEMIS) and health (IMI), in addition to the FCH JU area. These pioneering partnerships have more than demonstrated their ability to deliver results that are both scientifically excellent and have practical applications in areas that are vital to Europe’s competitiveness.

Now, the PPPs are starting to showcase clear socio-economic benefits and it is on the occasion of the 7th European Innovation Summit taking place in the Parliament that the Joint Undertakings have highlighted their key results.

With a common denominator of bringing together partners from universities, large industry, SMEs, and other stakeholder groups, the PPPs are creating innovation-driven research communities focused on addressing major challenges simply too great for any single company, organisation or country.

As part of the results presented at the European Innovation Summit, the FCH JU showed that, according to industry data, it has sparked investments across the fuel cells and hydrogen industry, resulting in significant leverage: almost 60% out of 150 organisations sampled have increased their research and development expenditures/budgets thanks to the FCH JU.

As the FCH sector represents a very significant economic potential, the annual turnover has increased on average by 10% (on a 2012 total of €0.5 billion), research and development expenditures by 8% (on a 2012 total of €1.8 billion) and market deployment expenditures by 6% (on a 2012 total of €0.6 billon).

In addition, the FCH sector also outpaced the rest of the industry concerning the number of patents granted. It saw a 16% annual increase in the number of patents granted in the EU to European companies, while the average annual growth for all EU industries was 1.5%

The PPP model is successful and can deliver significant socio-economic impact.

Read more on the several JU's first socio-economic impacts here

 

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