The Colour of Money

In the book “The United States of Europe”, author TR Reid points out that the creation and deployment of the Euro is an astonishing achievement. Although I’m living in a country that does not really embrace this notion (we still have our Swedish “krona”) I must say that I’m impressed too, but also somewhat wondering about what the EU money is spent on.

This is why I was glad to learn about the European Commission’s call on governments to jointly develop a strategy for international cooperation in science and technology. This Communication is one of five policy initiatives planned by the Commission to follow up the 2007 Green Paper "The European Research Area: New Perspectives".

It will also be interesting to follow what the newly established European Institute of Innovation and Technology can achieve. The first areas covered by the institute are likely to include climate change, renewable energies and the next generation of information and communication technologies which is great, especially when combined (although I have already stated what I think of the concept “green IT”). Let’s hope they also keep an open mind regarding how to collaborate with the world outside Europe.

The Swedish government is also concerned about the climate change, and has proposed an increase of the research budget for the next couple of years. They also want the universities to become better at commercialization and provide funding for the development of supporting infrastructure. However, I think there is much more to the collaboration task than commercialization and would have liked a broader discussion on this, especially taking an international perspective.

International commercial collaboration to support the global development has taken an interesting turn with Bono’s initiative (RED). This is a business model created to raise awareness and money for the Global Fund where some of the world's most known brands team up to produce products branded (RED). The colour red was chosen because it is a sign of emergency. Also Danish MYC4 has the colour red in its logo, indicating perhaps the emergency of investing in small African businesses. This interesting opportunity for everyone to become an investment banker was recently recognized by The Times.

Maybe some of the EU and Swedish research funds could be used to investigate how the next generation of ICT could enhance the collaboration between business and non-for-profit organisations?

Now, if you are really interested in the colour of money I recommend taking a look at Colourlovers. Watching the movie with recently deceased Paul Newman might also help. Or the video clip below by Hollywood Beyond.
Tron ej, vad håglösheten viskar till er,
att striden är för hög för er förmåga,
och att den kämpas ut väl er förutan.
Vad mänsklighetens härlige ha sökt
sitt hela sköna, rika liv igenom,
väl är det värt att sökas av oss alla.

Esaias Tegnér, Epilog 1820

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