Facilitating open innovation would ensure that ideas and knowledge are transformed into socio-economic value for European citizens. An important market failure in Europe is that it has an abundance of unexploited ideas and research results with considerable innovation potential, which are not being brought to the markets.
Innovation, today, is as much about novel solutions that technology and design can provide as it is about understanding needs of society and ensuring wide participation in the process of innovation. In this context, the Arts are gaining prominence as a catalyst of an efficient conversion of S&T knowledge into innovative products, services, and processes.
To reinforce cooperation and strategic partnership with selected countries and regions in areas of mutual interest.
Targeted countries: Low and middle income countries[[See World Bank country classification.]] in sub-Saharan Africa and ASEAN countries
a. Innovations Actions
Actions will address the requirements of end-user communities in developing countries. This may include technological improvements and adaptations as well as innovative service creation based on existing technologies.