New European Innovation Agenda

The New European Innovation Agenda was formally adopted by the EU in July 2022 the EU. It focuses on the twin green and digital transitions, enabling conditions, competitiveness of European innovators and links between innovation ecosystems. An important part of the agenda addresses “deep tech” which refers to startups and companies that are developing technology solutions based on substantial scientific or engineering breakthroughs and challenges that typically require lengthy R&D, as well as large capital investment, before successful commercialisation and achieving societal impact (e.g. advanced materials, advanced manufacturing, AI/ML, biotechnology, quantum computing, robotics, and sustainable energy technologies, etc.). These “deep tech” companies need excellent research, seed capital, market potential and funds to scale-up, strong industrial and talent bases, incubators and other support schemes such as experimentation with regulatory sandboxes, test beds, living labs, innovhttps://european-research-area.ec.europa.eu/news/latest-report-state-play-new-european-innovation-agenda-publishedation producrement, etc.

5 flagships are implemented:

• Funding for deep tech scale ups
• Enabling deep tech innovation through experimentation spaces and public procurement
• Accelerating and strengthening innovation in European Innovation Ecosystems across the EU and addressing the innovation divide
• Fostering, attracting and retaining deep tech talent
• Improving policy making

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