The paper just published by Science (link above) does not bring anything new because somehow Navarro and Brito reached similar conclusions in 2018. But then again, if Europe is really unable to turn science investments into profitable technology how come European companies rule in the Top 100 Global Innovators-2020 ?
On this issue, we need also to remember a 2019 paper that studied 40 years of patents rights in 70 countries which concluded that: "it is not the discovery and ownership of novel products and processes at the innovative frontier that induces productive growth but the ability to adapt...is not how novel ideas are codified and protected, but how and if they are applied to local industries in a way that creates more advanced production systems"
PS - Last but not least it is also important to take a look into another paper published in 2018 in which we learned that many technological innovations are based on basic science investments paid by Governments https://www.nature.com/articles/nbt.4049#t1 so if corporations paid just a symbolic 1% fee for public-funded science inspiration I bet that public investments were not be seen so much as non-profitable !
