Insights from IndTech2024 conference in Namur, Belgium

The recent IndTech2024 conference in Namur, Belgium, provided significant insights into the future of industry in Europe and the challenges facing European R&D policy. Here are some key takeaways from this important event:

Future of Industry in Europe: Key Challenges and Opportunities

Policy Alignment

• There is an urgent need to align trade, industry, innovation, and security policies across Europe. Without this alignment, Europe risks falling behind in terms of technology supremacy, resilience, safety, and security for its citizens.

CleanTech: A Critical Domain

• The CleanTech sector is highlighted as an area where past negative trends, such as those seen in the semiconductor industry, are reemerging. However, there is still time to take action and address these issues effectively.

Proposed Solutions for Industry Support

• Several solutions were discussed to bolster research and industry:
  • Deregulation of energy grid access across Europe.
  • Implementation of more favorable taxation policies, including incentives.
  • Enhanced support for scale-ups and the deployment of innovative technologies.
  • A potential European revision of state-level support for key industries.

Navigating Global Value Chains

Entering key global value chains will be a challenging and demanding path for Europe. It is essential to do so without compromising on core European values. This was a recurring theme throughout the discussions, emphasizing the need for strategic and value-driven approaches to industrial and technological development.

Expert Contributions

The conference featured contributions from notable experts. Their insights underscored the complexities and opportunities in shaping the future of European industry.

Conclusion

IndTech2024 has shed light on critical areas that need attention and action to ensure Europe remains competitive and resilient in the global industrial landscape. The conference has set the stage for ongoing dialogue and strategic initiatives aimed at aligning policies and driving innovation across the continent.

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