On 5 July, the European Union released a New European Innovation Agenda, the EU’s plan to improve Europe’s “strategic autonomy” by strengthening its leadership in technology innovation and its application to critical challenges such as climate change, health, food security and Europe’s technological sovereignty.
The plan has five key elements:
- Improving access to finance for European startups and scale-ups.
- Improving the rules to allow innovators to experiment with new ideas.
- Incentivizing the creation of “regional innovation valleys” that will strengthen innovation efforts in lagging regions.
- Attracting and retaining talent, including support for women innovators and start-up employers
- Improving innovation policymaking with better tools and clearer terminology, including data-driven planning and policy support to Member States.
One of the overriding aims is a goal of training 1 million “deep tech talents” capable of supporting breakthrough businesses based on high tech innovation in engineering, or significant scientific advances.
The plan will leverage Horizon Europe’s €76 billion funding programme, the €10 billion budget of the European Innovation Council, and the entrepreneurial initiatives of the European Institute of Innovation and Technology
For more information, see: https://ec.europa.eu/commission/presscorner/detail/en/IP_22_4273