Innovation leadership. Is it time for a European DARPA?

Research Paper (undergraduate) from the year 2020 in the subject Economics - Innovation economics, grade: 1,3, Hertie School of Governance, course: Technology Policy & Digital Transformation, language: English, abstract: When looking at innovation capabilities , Germany is amongst the front-runners in the world, according to different sources and studies. Also, many European countries are ranked in the top tier when it comes to innovation and competitiveness. Still, major players and business models in digital innovation and transformation seem to come from the United States. The topic at hand is whether Europe can become a world leader in innovation and digital transformation in the future by uniting their efforts and pool their capabilities and resources e.g. in a joint institution to gain the top spot globally and also stay there in the upcoming decades. This paper tries to introduce a concept of how Europe can bundle their capabilities, as this poses a significant challenge for Germany as the innovation leader in Europe as well as for Europe in general, inheriting so many capabilities in e.g. Switzerland, Sweden or the United Kingdom. The paper lays out some definitional foundations, followed by a brief overview of institutions in Germany and Europe and then tries to introduce a possible solution how to unite resources and facilities to strengthen the European path to innovation leadership, followed by a conclusion.

/// An Economist working towards a safer, sustainable, and righteous economic environment. More than a decade of experience in the world of finance, including expertise in financial services, mergers & acquisitions, and anti-financial crime compliance. /// A Military reserve officer, deeply committed to serve his country and the world, pledging for planetary security, and focusing on civil-military cooperation, including humanitarian assistance, and disaster relief in the German Armed Forces. /// An Education advocate, engaged in charitable work, providing forward-looking ideas and solutions to the most challenging issues of our time. Founder and director of the LIGA, focusing on education and civic engagement, as well as a Fellow in the Think Tank 30 of the Club of Rome Germany, with a focus on sustainability and international security. /// A lifelong-learning enthusiast with multidisciplinary advanced academic degrees, passionate about basketball and martial arts. Selected as one of Capital Magazine's 'Top 40 under 40', as well as the Bertelsmann foundation's 'Voices of Economic Transformation', and Advisory Board Member at Pforzheim University Business School.