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Innovation Union is one of the seven Flagship Initiatives for implementing the Europe 2020 Strategy. It aims to ensure that new knowledge-intensive products and services contribute substantially to growth and jobs.
Innovation Union is a strategic and comprehensive concept understanding innovation in a broad sense and as a greater political goal. In a medium to long-term approach, all political instruments, measures and funds should be planned with a view to their contribution to innovation from the outset. Political concepts of the EU, Member States and regions should be aligned with each other and mutually reinforce each other. The highest political level of the EU, the European Council, formulates the strategic agenda of the Innovation Union and monitors progress on a regular basis.
The European Commission proposed 34 Commitments in its “Innovation Union” Communication of October 2010, which was endorsed by the European Council in February 2011.