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By putting innovations at the centre of its ten-year economic strategy, the EU has in mind something specific - creation of Innovation Union. This means in general focusing on research and innovation in order to fill in the gap between science and business, and inventions to turn into products. The Innovation Union is one of the seven flagship initiatives of the Europe 2020 strategy, the main purpose of which is to create smart, sustainable and inclusive economy. The idea for such a union consists of 30 points, among which is the creation of European Innovation Partnerships, use of public procurement budgets to finance innovation, creation of a European knowledge market for patents and licensing.
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