16
Dec
2024
Watch
A European Innovation Act: lowering the cost of innovating in Europe (debate)
Mr President! Commissioner, it is nice to see you here today and I look forward to working together for an innovative Europe. The EU is a world-class location for innovation. We have excellent researchers, great corporate personalities who are courageous, and well-trained professionals in confident workforces – they all want to innovate together. But, of course, the potential is not yet fully exploited by Europe as a location for innovation, and that is why the European Innovation Act, which you are proposing, is also very urgently needed. Of course, we need to strengthen the transition from research to market readiness. We need more venture capital from the private capital market, but also from smart public sources. And there should also be a better focus on practical answers so that innovations can be tested at an early stage. But, Commissioner, it is not just about making innovation easier and less bureaucratic. Because let's be honest: The people who innovate here in Europe could go anywhere. They choose Europe because it is also about their hearts. They are also concerned with contributing to the human challenges we face. They want to do something meaningful. Therefore: Innovation in Europe always means making people's lives better – that should be our thought that guides us.