European Innovation Act: Extensive public consultation in the coming months as first step

"As a first step towards the European Innovation Act, I will be launching an extensive public consultation in the coming months. Through this, we will gather feedback and input from all relevant stakeholders across our Union", states Ekaterina Zaharieva, Commissioner for Start-ups and R&I, in the Parliament of Strasbourg on 16/12/2024.

The European Innovation Act is one of the missions assigned to the Commissioner by the president of the Commission, Ursula von der Leyen. Its objectives are to:

• simplify and streamline regulatory frameworks,
• facilitate access to venture capital,
• support testing of new solutions and technologies.

The Act will build upon a dedicated EU Start-Up and Scale-Up Strategy that will be presented in 2025.

The plan for this act is to address various dimensions, like the regulatory frameworks, mobilising private capital and skills and talent development.

At the same time, the Commissioner is also committed to encouraging the continuation of the simplification efforts and to improving coordination with the member states to improve performance in terms of…