At the end of February the Commission of Experts for Research and Innovation handed their 2011 report on the status of Germany’s Research and Innovation to Chancellor Angela Merkel. The report held some good news. In keeping with favorable economic trends, Germany’s R&D to GDP ratio managed to remain steady and even slightly increased in 2009, thereby surpassing the US. Among the positive drivers the report highlights and welcomes the continued and expanding public support for research and innovation with the Higher Education Pact, the Initiative for Excellence, the Pact for Research and Innovation and the High-Tech Strategy 2020. It nevertheless also points out areas where further intensification of policy attention is needed, such as support for venture capital funding for young companies, tax incentives for R&D, support for vertical cooperation in the area of electromobility and safeguarding network neutrality. It also addresses weaknesses in the governance of innovation policy, both in Germany and at European level. Major insights from the 2011 EFI Report will be presented by Dietmar Harhoff, Professor in Technology Management and Entrepreneurship at the Ludwig-Maximilians University in Munich (LMU), and chair of the Commission of Experts for Research and Innovation (EFI). Dr Thomas Meyer, Vice President & Senior Economist at Deutsche Bank Research will give comments and Reinhilde Veugelers, Senior Fellow at Bruegel and Professor at the University of Leuven will chair the event.