27 Oct 2025
EIT publishes statement on the European Innovation Act
On 27 October 2025, the European Institute of Innovation and Technology (EIT) published an EIT statement in the context of the European Commission's public consultation on the upcoming European Innovation Act. The EIT welcomes the European Commission’s work on the EU Innovation act as "a timely and ambitious initiative to strengthen Europe’s innovation capacity and competitiveness".
Amongst other issues, the EIT highlights the following:
- The EIT regards the Innovation Act as an opportunity to ensure Europe's innovation policies remain globally competitive, inclusive and sustainable;
- The EIT calls for simpler, innovation-friendly rules for scaling innovation – for example, mutual recognition of pilot projects, regulatory sandboxes, and a possible Single Market passport for validated innovative solutions.
- Regulations should be designed to enable innovation, not restrict it. The EIT also supports assessing the impact of proposed regulations on innovation and exploring an EU-wide framework for testing and scaling cross-border solutions.
- The Innovation Act should also help create the conditions for European-based firms to grow into global technology leaders.
- The EIT recommends developing standardised valuation methods for IP and data in collaboration with the European Union Intellectual Property Office (EUIPO) and the European Patent Office (EPO), alongside clear collateral frameworks to help banks and investors better assess intangible assets and make them more reliable for investment. This should include aligning EU instruments such as the EIT, the European Innovation Council (EIC), the European Investment Fund (EIF) and InvestEU around these standards.
- The Innovation Act should promote outcome-based procurement and encourage public authorities and corporates to act as early adopters, with simpler, innovation-friendly procurement rules.
- The Innovation Act should support cross-border collaboration and diffusion of innovation across all Member States. Diversity, inclusion and gender balance must be central principles. The EIT refers to its EIT Regional Innovation Scheme (RIS) for providing proven tools for helping innovators from widening countries access EU and global markets.
- By simplifying cross-border scaling, unlocking finance for intangibles, and using procurement to stimulate demand, the EU Innovation Act can transform Europe’s strong research base into faster market adoption and globally competitive companies.
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