The European Commission's upcoming revision of the long-term budget post-2027 presents a crucial opportunity to shape the technological landscape of the EU. From a technological viewpoint, the allocation of funds and the strategic priorities set now will determine the EU's competitiveness and innovation capacity for decades to come.
The EU aims to invest 800 billion euros annually to address investment gaps, including those in technology. This investment is critical, as the EU lags behind other global powers in key technological areas. For example, the EU is investing heavily in Artificial Intelligence (AI) and quantum computing, with the goal of becoming a world leader in these fields. The European Commission is also focused on increasing investment in digital infrastructure, including high-speed internet and 5G networks, to support the development of new technologies and applications.
The current budget allocates funds to cohesion and the Common Agricultural Policy (CAP), but the revision must prioritize technology. The EU's ability to compete globally depends on its technological prowess. The EU's investment in technology is not just about economic growth; it's also about security and strategic autonomy. By investing in its own technological capabilities, the EU can reduce its dependence on other countries and protect its critical infrastructure.
The negotiations with the European Parliament and member states, expected to conclude in 2026, will be crucial. The EU must ensure that the revised budget reflects the importance of technology and provides sufficient funding for research, development, and deployment. The future of the EU hinges on its ability to embrace and lead in the technological revolution. The EU's commitment to technological advancement is a key factor in its long-term success.