{"id":142872,"date":"2023-10-24T03:00:01","date_gmt":"2023-10-24T01:00:01","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=142872"},"modified":"2023-10-24T08:25:48","modified_gmt":"2023-10-24T06:25:48","slug":"eu-is-working-to-launch-the-strategic-technology-platform-for-europe","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/eu-is-working-to-launch-the-strategic-technology-platform-for-europe\/","title":{"rendered":"EU is working to launch the Strategic Technology Platform for Europe"},"content":{"rendered":"
\n
\n
\n
\n

The EU is creating a Strategic Technologies for Europe Platform (STEP) to support key technologies and strengthen European sovereignty.<\/strong><\/p>\n<\/div>\n

\"\"<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n

Why does the EU need to invest in technologies?\u00a0<\/span><\/h6>\n

One of the EU\u2019s main strategic goals is to strengthen the competitiveness of the European economy by supporting its change in line with\u00a0the green<\/a>\u00a0and\u00a0digital transformations<\/a>. However,\u00a0in recent years the EU industry is being challenged<\/a>\u00a0by high inflation, labour shortages, supply chain disruptions, rising interest rates, and spikes in energy prices.<\/p>\n

In addition, global competition is growing, especially in technologies that are the essential for the ongoing economic transformation, such as artificial intelligence, 5G, semiconductors, green technologies and biotechnologies.<\/p>\n

This is why the EU should take a more structural approach to the significant investment needs of its industries.<\/p>\n

What is the Strategic Technologies for Europe Platform?<\/span><\/h6>\n

In June 2023, the European Commission presented the mid-term revision of\u00a0the EU’s budget for 2021-2027<\/a>. As a part of the package, it\u00a0proposed the establishment of the Strategic Technologies for Europe Platform<\/a>. The Platform is an instrument to develop critical emerging technologies that are relevant to the green and digital transitions and to the strategic sovereignty of the EU.<\/p>\n

The Platform would aim<\/a>\u00a0to boost the manufacturing capacity in\u00a0digital technologies<\/strong>\u00a0(for example microelectronics, cloud computing, artificial intelligence, cybersecurity and 5G),\u00a0clean technologies<\/strong>\u00a0(such as renewable energy, electricity and heat storage, renewable fuels of non-biological origin, sustainable alternative fuels) and\u00a0biotechnologies<\/strong>\u00a0(like biomolecules, pharmaceuticals, medical technologies etc.). It would also aim to strengthen value chains and address labour and skill shortages in these sectors.<\/p>\n

How will the Strategic Technologies for Europe Platform work?<\/span><\/h6>\n

According to the Commission proposal<\/a>, the Platform would redirect funds under existing EU instruments as well as use additional \u20ac10 billion to reinforce programmes such as InvestEU, Horizon Europe, the Innovation Fund, and the European Defence Fund.<\/p>\n

A new EU quality label\u00a0Sovereignty seal<\/a>\u00a0will be awarded to high-quality projects contributing to the Platform’s objectives. This should give them visibility and attract public and private investments.<\/p>\n\n\n\n
\"\"<\/a><\/p>\n

EU to invest \u20ac180 million in cutting-edge digital technologies and research<\/a><\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n
\n
\n
What do MEPs propose?<\/span><\/h6>\n

In October 2023, Parliament’s\u00a0industry<\/a>\u00a0and\u00a0budgets<\/a>\u00a0committees\u00a0adopted a report on the establishment of the Strategic Technologies for Europe Platform\u00a0<\/a>.<\/p>\n

MEPs aimed to strengthen the initiative so that it can better support EU industry. Their proposals include:<\/p>\n