The aim of the Commission's New European Innovation Agenda is to position Europe at the forefront of the new wave of deep tech innovation and start-ups. It will help Europe to develop new technologies to address the most pressing societal challenges, and to bring them on the market. The proposed agenda will help better integrate initiatives and investment at EU and national levels. Action at EU level is crucial for supporting the development of coherent national innovation agendas, supporting access to finance, particularly for small businesses, creating a framework more supportive of innovation, connecting innovation ecosystems, and developing and attracting talent.