Uli Grabenwarter, Deputy Director of Equity Investments at the European Investment Fund, delivers 5 minutes of innovation on European competitiveness. What do we mean by competitiveness? It can be defined and measured from a variety of perspectives -- in any case, it is clear that Corona has changed the term. It is now about nothing other than the resilience of our society and how we deal with innovation. Indeed, Europe now has a unique great opportunity in some areas, for example in health and in the fight against climate change.