Innovation and Marketplace: A Vision for the European Language Grid

Abstract

This chapter provides a comprehensive overview of innovation and the ELG marketplace as core elements for the generation of value and the creation of an active, attractive and vibrant community surrounding the European Language Grid. Innovation is an essential element in making ELG a credible and sustainable undertaking. However, it does not happen by itself nor materialise in a vacuum. Consequently, ELG provides a habitat for various kinds of innovation and a home for the necessary community to put innovation into action. The marketplace is essential for attracting participants supplying and demanding services, resources, components and technologies on a European scale. Innovation and marketplace – as well as the overall business model – are tightly connected and need to be developed and managed in a joint manner. Clearly, this is not a one-off activity, but rather needs to be carried out continuously and extend into the future. ELG is designed and created to promote the excellence and growth of the European LT market, creating new jobs and business opportunities and supporting European digital sovereignty. Encompassing a wide array of technologies and resources for many languages spoken across Europe and in neighbouring regions, it contributes to the Multilingual Digital Single Market as a cross-European driver for innovation.