The EU has long sought to position itself as a leading player on the global innovation scene. A fresh initiative from the European Commission -the New European Innovation Agenda -outlines 25 actions that contribute to achieving this goal.

The proposed actions relate to: mobilising funding for scale-ups; enabling innovation through experimentation spaces (such as regulatory sandboxes and innovation test beds) and public procurement; accelerating and strengthening innovation in European innovation ecosystems (through initiatives such as supporting the creation of regional innovation valleys and launching the AI-based platform Innospace to serve as a one-stop shop for innovation players); fostering, attracting, and retaining tech talent; and improving policymaking tools.