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Europe Thinks Different.(Periscope; Innovation)(Brief article)

Newsweek International

| November 05, 2007 | Theil, Stefan | COPYRIGHT 2007 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Stefan Theil

If Europe continues to underwhelm in high-tech innovation, it's not for lack of brains. Two Germans and a Frenchman won Nobel Prizes for chemistry and physics last month. The problem is turning that research into private-sector innovation and start-ups. Now, however, a change is underway. According to an OECD report released last week, European countries are shifting research on public projects (think the struggling Galileo satellite project or the Franco-German Internet search engine Quaero) to the private sector. Universities across the continent, from Germany's Munich Tech to Sweden's Chalmers University in Goteborg, are pushing ties to industry and promoting spinoffs, a la America's Stanford University. Already, these have ...

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