"There is no development without innovation.
A competitive society is one that has an ability to adapt to new challenges, to learn and to apply knowledge. A competitive economy is characterized by risk-taking and innovation, realised through new enterprises, new investments and the creation of new, competitive products, services and processes. States should provide support for these processes with conscious, predictable and coordinated policies.
The lecture of dr. Ilona Vass, Vice President of the National Office for Research and Technology, Hungary on EU-Presidency conference Investing in Research and Innovation 12 and 13 October, Noordwijk: