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The IIT project emerges from the need to detect new innovation trends throughout the whole of Europe and highlight the best practices. The project will also evaluate existing innovation policies at national and European level.
The EU encourages its member states to invest 3% of their GDP in R & D (1% of public funding and 2% of private sector investment) by 2020. This measure is expected to create around 3.7 million jobs and increase the annual GDP of the EU by about 800 billion euros.