European Innovation Agenda: Making Europe a global leader in technology

The European Commission embraces new European Innovation Agenda to position Europe as a leading player in the global innovation scene.

On 5 July 2022, the European Commission adopted a new European Innovation Agenda with the aim to position Europe at the forefront of the new wave of deep tech innovation and start-ups.  It has been designed to help Europe to develop new technologies and bring them on the market quicker and more efficiently.

The New European Innovation Agenda is intended to place Europe as a leading player on the global innovation scene. The Commission wants Europe to be the place where the best talent can work hand in hand with the best companies and where deep tech innovation thrives to create breakthrough innovative solutions across the continent that will inspire the world.

Green and digital transitions in Europe

By leading on innovation, in particular on the new wave of deep-tech innovation requiring breakthrough R&D and large capital investment, Europe will reinforce its central role in shaping the green and digital transitions. Deep tech innovation will reinforce Europe’s technological leadership and generate innovative solutions to pressing societal challenges, such as climate change and cyberthreats.

“The new European Innovation Agenda will ensure innovators, start-ups and scale-ups, their innovative businesses to become global innovation leaders,” commented Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth. “For more than a year we have consulted the stakeholders, such as innovation ecosystem leaders, start-ups, unicorns, women founders, women working in the capital venture, universities, and businesses. Together, we will make Europe the global powerhouse for deep-tech innovations and start-ups.”

Ensuring Europe’s prosperity and security

Such innovations are likely to irrigate and benefit all sectors from renewable energy to agri-tech, from construction to mobility and health, thereby tackling food security, reducing energy dependency, improving people’s health and making European economies more competitive. The severe consequences of Russia’s war of aggression have given these issues even greater urgency and prompted strategic policy changes to ensure the EU’s prosperity and security.

“We need to boost our innovation ecosystems to develop human-centred technologies,” concluded Margrethe Vestager, Executive Vice-President for a Europe fit for the Digital Age. “This new Innovation Agenda builds on the significant work done already on innovation in the last years and will help us accelerate our digital and green transition. The Agenda is rooted in the digital, physical and biological spheres and will enable us tackle burning concerns, such as breaking the dependence from fossil fuels or securing our food supply in a sustainable way.”

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