European Union policy on innovation

The European Union’s innovation policy aims to boost technological development, research, and new ideas across member countries. It encourages collaboration between businesses, universities, and governments to create advanced products and solutions that improve competitiveness and address societal challenges like climate change and health. The EU invests funding into research projects, supports startups and small businesses, and promotes digital transformation. Overall, the policy seeks to foster a culture of innovation that drives sustainable growth, creates jobs, and ensures Europe remains globally competitive in a rapidly changing technological landscape.