Q&A on the European Innovation Act: R&D procurement and IP
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Common R&D procurement rules and an IP-backed finance framework could lower barriers for innovative companies participating in EU public procurement, informing business development and investment decisions for technology and R&D-intensive firms.
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- European Commission Press CornerQ&A on the European Innovation Act: R&D procurement and IP
The European Commission published a Q&A on the European Innovation Act, explaining R&D procurement rules and IP support measures. R&D procurement currently represents about 0.6% (€17 billion) of annual EU public procurement expenditure, while other leading economies invest 5 to 8 times more. The Act would create common R&D procurement rules, providing legal certainty, and is expected to save public buyers €1 billion per year and generate €25.92 billion in additional annual profits for companies. A Competence Centre within EUIPO will support IP-backed finance and commercialisation.