European policymakers are going to publish the most comprehensive plan so far for how to help 🇪🇺European startups grow and compete globally. The stakes are high — Europe wants to produce its own deeptechs to compete with innovations coming from the US and China — and the EU realises that it will need home-grown solutions to pursue its ambitious digital and green agendas.
To accelerate the change, the European Commission is going to present a policy roadmap dubbed A New European Innovation Agenda. The plan will focus on five pillars:
- Linking up innovation ecosystems;
- Retaining talent;
- Improving existing policies with a data-driven approach;
- Amending risk-averse and fragmented regulatory frameworks;
- Improving access to finance.
The roadmap is due to be officially published on July 5 — but Sifted prepared the main takeaways for you below.
- Developing regional clusters and “deeptech valleys”
- Training 1m deeptech employees
- Agreeing on definitions and improving existing policies
- More sandboxes and better regulatory frameworks
- Improving access to financing