Transatlantic Innovation and Competitiveness: Europe’s New Agenda vs. the CHIPS and Science Act

The EU adopted its New European Innovation Agenda in July 2022, seeking to position Europe at the forefront of the coming wave of deep tech innovation and associated start-ups. The agenda aims to develop new technologies to address the most pressing societal challenges and bring them to market. A month later, the United States enacted the CHIPS and Science Act, which, among other things, created the first new directorate at the National Science Foundation in over 30 years. Charged with advancing U.S. competitiveness through investments that accelerate the development of breakthrough technologies, the NSF Directorate for Technology, Innovations and Partnerships (TIP) aims to support regional innovation ecosystems and fund “solution-oriented” research to bring ideas to market and society. Where are the EU and United States headed with their respective innovation agendas? To what extent do their plans align and effectively strengthen the transatlantic innovation ecosystem? And how do they bolster U.S. and EU competitiveness independently?

Watch now for a high-level panel discussion featuring Signe Ratso, deputy director-general for research and innovation at the European Commission; Erwin Gianchandani, assistant director of NSF’s TIP Directorate; Meg Hardon of Infineon Technologies; and Paul Sweetman of the American Chamber of Commerce Ireland.