Sustained strategy pays off
ECOOM, the expertise center for research and development (R&D) monitoring, has published a note confirming the leading position of Flanders in R&D investments. With 2.69% of its gross domestic product (GDP) spent on R&D in 2015, Flanders rises far above the European average. The region follows the European 2020 strategy, which sets forth goal of 3% of a country’s GDP invested in R&D by 2020. Steadily growing its R&D investment amount each year, Flanders is getting closer to attaining the 3% goal.