The European Commission has launched a call for evidence and a public consultation, inviting all interested stakeholders to contribute to the future European Innovation Act. A key deliverable of the EU Startup and Scaleup Strategy, the European Innovation Act will facilitate bringing innovative ideas to market across all sectors.
Europe produces high-quality research and innovation, but only a fraction transforms into successful market products. Key challenges include insufficient exploitation of intellectual property rights, gaps in standardisation and barriers that prevent universities and research organisations from adopting a more commercialisation-focused mindset. The use of intellectual property rights as collateral for financing also remains underutilised.
More agile innovation pathways are needed to pool EU, national and private investment, particularly for capital-intensive strategic technologies.
The European Innovation Act will aim to address challenges in commercialising research results, strengthen collaboration between the industry and the academia, and improve access of innovative companies to markets, finance, talent and infrastructures. It will also create a more innovation-friendly regulatory, policy and investment environment across the EU, to give European innovators the tools they need to grow and scale within the EU and compete globally.
💬 Submit your response on the 'Have Your' Say portal by 3 October
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