EU Innovation Act

Practical information

Background

The European Innovation Act aims to create cross-sectoral legal framework conditions to remove barriers for bringing innovative ideas to market in all sectors. It aims to  address issues related to the commercialisation of research results, collaboration between the industry and the academia, access to markets, finance, talent and infrastructures. It focuses on creating more coordinated regulatory, policy and investment framework conditions aimed at bringing innovative solutions to the market across the EU.  Boosting the commercialisation of innovation is important, as the uptake and diffusion of innovative solutions in the EU Single Market is suboptimal compared to Europe’s main global competitors. Europe must also overcome the innovation gap, as well as boost its competitiveness and growth.

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