The now started project VisCOST aims to create a European research network to promote innovation and technology management through the interdisciplinary use of methods of visual analysis, artificial intelligence, simulation, prediction and planning of new technologies and innovations for corporate purposes (smart manufacturing, early technology detection etc.), the optimization of government strategies (e-governance) and the involvement of European citizens in government decisions (e-participation) but also in research. The core targets on answering the research question “How can innovations be created and strengthened, and future technologies as well as possible scenarios be predicted by the approaches that are currently at the forefront of technology research in order to make strategic decisions in a more targeted manner?”. A very interdisciplinary research is necessary to answer this question. Knowledge from management, such as innovation, technology and information management, but also strategic planning and predictions in companies (corporate foresight) must be brought in from economics.