Innovation is an essential driver for Europe’s competitiveness, ensuring the health and well-being of its citizens. It shapes markets, transforms economies and is indispensable in achieving the overarching objectives of the twin green and digital transition.
The European Commission (EC) has recently presented the newly designed European Innovation Agenda that aims to position Europe as a global leader on the new wave of deep tech innovation. According to the EC, there are several underlying reasons why Europe is positioned to lead this wave of deep tech innovation: from a strong industrial base, an increasingly vibrant start-up ecosystem, ambitious framework conditions conducive to innovation in the single market to the the diverse talent base and finally the prominent history in innovation.
The new agenda is expected to acclerate the development of new technologies and is envisioned to generate innovative solutions addressing the main societal challenges in Europe.
25 dedicated actions under five flagships are set out to achieve this ambitious goal:
- Funding Scale-Ups
- Enabling innovation through experimentation spaces and public procurement
- Accelerating and strengthening innovation in European Innovation Ecosystems across the EU
- Fostering, attracting and retaining deep tech talents
- Improving policy making tools
- Publication date
- 13 July 2022