This exploratory opinion on the request of the Cyprus Council presidency is focused on the implementation of the Startups and Scaleup Strategy, with particular emphasis on the forthcoming European Innovation Act (EIA), planned for 2026. The EU Startup and Scaleup Strategy seeks to make Europe the leading hub for launching and expanding global technology-driven companies, including deep tech ventures.
The opinion examines the role of start-ups and scale-ups in the EU economy, by taking into account the related Strategy adopted by the European Commission.
As emphasised in the Letta and Draghi reports, the two main challenges of EU R&I policy are: i) reversing the declining productivity of the EU economy and closing the competitiveness gap with other global scientific and economic powers; and ii) reducing the fragmentation of the European research area to allow for the free circulation of scientific knowledge, research and innovation referred as the ‘fifth freedom’ in the Letta report.
In early 2026, the Commission is expected to publish the European Research Area Act (ERA Act). EESC’s input through this own-initiative opinion (OIO) is intended to shape the ERA Act, ensuring that it supports a vibrant ecosystem for innovation and digital transformation, and aligns with these strategic visions.
