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Research & Development

R&D and Innovation in Belgium

According to the 2012 EU Industrial R&D Scoreboard, the European Union (EU) is an attractive location for research and development investments. This is evidenced by the fact that US firms invest ten times more in R&D in the EU than in China and India combined. Within the EU, Belgium has a strong reputation for R&D and innovation, primarily due to the high quality of its education and research facilities, the availability of skilled workers and numerous fiscal incentives for R&D ventures. As a result, many companies continue to prosper within Belgium’s borders. Continue reading...

Entrepreneurship in Belgium

Innovation is central to economic growth and business competitiveness. Over the past 10 years, Belgium has worked hard to capitalize on its outstanding research and education facilities and highly skilled workforce by encouraging even more R&D activities with fiscal incentives. This has been a great success, with US companies alone investing $2 billion in Belgian R&D in 2012. However, while Belgium excels in R&D, it still needs to take action to foster a true innovation hub by stimulating something far less tangible: its entrepreneurial culture. Continue reading...