Remedying the European Union's deficient overall business research and development performance requires the nurturing of more new companies in new sectors, enabling them to grow to leading-innovator status. This means addressing young leading innovators' access to external finance, particularly...

Highlights - Research and development spending has risen rapidly in Asia, particularly in China, which is now the world's second R&D spender behind the United States.The increase in Korean and Chinese patent applications has been even more rapid, but Chinese patenting for exploitation on the...

Innovation-lagging and fiscally weak countries in the European Union cut their public research and innovation (R&I) budgets during the crisis, while innovationleading and fiscally stronger countries forged ahead with public R&I spending. There is therefore an increasing research and innovation...