1 minute read / September 10, 2026
The Commission proposed a new European Innovation Act to help Europe’s most innovative ideas be developed, financed and scaled up in Europe. A key initiative under the EU Startup and Scaleup Strategy and the Competitiveness Compass for the EU, the proposal will strengthen the EU’s long-term competitiveness, prosperity and technological sovereignty.
Europe possesses an abundance of world-class research, talent and creativity. However, innovators face different rules across EU countries and frequently struggle to attract funding. As a result, ideas developed in Europe are too-often turned into economic success by others, and elsewhere.
The European Innovation Act aims to change this by making it easier for innovative European companies to grow across borders and compete globally.
The factsheet on the European Innovation Act is available here (PDF).
