The European Union has launched a new strategy for the future of its digital economy. In its new policy document, i2010, the EU unveils its five-year plan for how it will govern technology into the next decade. The i2010 initiative is broken out into three components, which include modernising the regulatory framework by updating and removing outdated rules and tailoring new regulations to better reflect Europe's digital economy; investing more in ICT research and promoting digital inclusion. To effect the latter, authorities hope to close the gap between information haves and have nots by creating better digital libraries, intelligent cars and developing technologies designed to better care for the advancing elderly population. This action will culminate in a European Initiative on e-Inclusion in 2008. The EU will also increase its research and development budget by 80% to further its ICT development. “To enhance investment in this promising sector of the economy, we must provide a coherent regulatory framework for Europe's digital economy that is market-oriented, flexible and future-proof,” said Viviane Reding, the EU's commissioner for Information Society and Media. “We must focus our research spending on key information and communication technologies.”
In particular, high-speed and secure broadband networks will be promoted in an effort to bring more rich and diverse content to EU member states.