ATTRACT is a new, open, pan-EU initiative to accelerate the development of these specialist detector and imaging technologies for market – through a process of co-innovation with other labs, SMEs, industry and universities. The aim: to work with scientists, students, entrepreneurs and investors to invent new services and products, and attract new investment to the sector. A pilot effort is already underway at CERN’s Geneva campus, with the aid of Aalto, the leading Finnish university with a world-class reputation for design innovation and management. And at international business school ESADE in Barcelona, Professor Henry Chesbrough – the man who first coined the term ‘open innovation’- is developing a new framework for scaling up this kind of collaboration at scientific establishments.
Seed money would come from the European Union to get the labs, companies and entrepreneurs working together – through an independently managed programme office. After a pilot phase, ATTRACT will grow, working to enlist private and other funding sources with the capital and expertise necessary to bring these new technologies to market more quickly.
ATTRACT can deliver breakthrough technologies for global markets. The expertise and inventions at its biggest labs are an unparalleled resource – but need an ecosystem around them for investment, entrepreneurship and innovation. ATTRACT creates a necessary framework for this difficult, high-specification technology to move out of the lab and into the market.
ATTRACT can get more value from Europe’s science base. The EU and its member-states have a deep, long-standing investment in these high-end labs. This has already paid off scientifically, but ATTRACT can multiply the returns in new, economic ways.
ATTRACT can help strengthen European institutions. ATTRACT partner labs spread across the EU. Working together with local companies and investors, they can create a new, economically powerful ecosystem from north to south, west to east.
ATTRACT can engage many more citizens in science and technology – as entrepreneurs, customers, or students. It can strengthen Europe’s talent base.