In 2000, with the Lisbon Declaration, the EU set the goal of becoming "the most competitive and dynamic knowledge-based economy in the world." We've already reached 2025, and we're not. But we are a knowledge-based economy, since, as everywhere, knowledge permeates everything around us. It's what gives us prosperity and well-being. It's also what gives us headaches. For Europe, the demanding challenge today is whether we will be significant producers of knowledge and whether, with the many levers at our disposal, we will know how to leverage it to generate high-value intellectual property (IP), as well as the economic activity that makes it profitable. The competitiveness and strategic sovereignty agendas converge on this objective.