EU Fact Sheets: Innovation Policy

Innovation policy helps turn research into new products and services that create jobs, strengthen the EU’s global competitiveness and improve people’s quality of life. The EU supports innovation through funding programmes such as HorizonEurope (EUR 93.4 billion for 2021–2027), which backs research and businessdevelopment. Recent initiatives include the New European Innovation Agenda(2022), the Net-Zero Industry Act to boost clean technology manufacturing, and theCompetitiveness Compass (2025) with measures to close the innovation gap with global competitors.