Let’s go! – by Stefanos Vasdekis A blog about entrepreneurship, the web2.0 world, and life.


A European paradox: cannot transform knowledge into products

I was at the European Parliament the previous week for the annual summit of European young entrepreneurs (YES for Europe). I found the most interesting presentation to be Mr Horst Soboll's, Chairman of the European Research Advisory Board of the European Commission. The strongest point he made was that Europe has serious problems transforming knowledge successfully into commercial viable products and services. Europe's share of world scientific publications is 38.3% compared to 31.1% of US. On the other hand, Europe's share of world triadic patents is 31.5% compared to 34.3% of US. And Europe's share of world high tech exports is 16.7% compared to 20.0% of US. What's happening? We have a paradox here. It seems that in Europe we're more interested in acquiring more knowledge than transforming it to products. Well, maybe this paradox has its roots in schools, where teachers ask students to go find information rather than try to use the information. What's the meaning of asking students to collect information about a subject? Wake up! Students know how to use internet better than teachers to find any information. It's how to use the information that is important.

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