Red tape, risk aversion hurt Merkel’s innovation legacy ...Qatar

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Red tape, risk aversion hurt Merkel’s innovation legacy
It was one of Chancellor Angela Merkel’s most radical ideas during her last term in office: a new agency that would bring to market ground-breaking German innovation such as a way to clean the world’s oceans and a therapy for Alzheimer’s disease. But two years after Merkel launched the project, driven by both her own scientific background and concerns that Europe could fall behind, the SPRIN-D agency for disruptive innovation is struggling under the weight of institutional, cultural and budgetary constraints. Summing up some of the frustration echoed by Merkel herself, the head of the agency, Rafael Laguna de la Vera, told Reuters: “There is a valley of death that every innovative technolog

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