Title: Challenges for R&I policy-making in Belgium
The Belgian R&D intensity reached 2.49% (2016) with most of R&D investments being made by private business reaching a research intensity of 1.73% in 2016. Private R&D is concentrated in a few large companies notably in the pharmaceutical and chemical sectors. The main innovation challenges in Belgium are:
- Promote fast growing enterprises in innovative and less innovative sectors: A long-standing issue in Belgium’s innovation performance is to make innovation more widespread ensuring a higher economic impact. Promoting more innovative high growth firms (HGIEs) in all sectors is a deficit and challenge.
- Addressing the shortage and mismatch of human resources for R&I: demand for STEM students exceeds the number of graduates, and is exacerbated by a skill mismatch.