Public procurement in the EU accounts for more than 14% of GDP. Even though it could create a huge market for innovative products and services, the potential of public procurement remains vastly untapped. The European Commission aims to improve public procurement practices, promote the demand of innovative goods and services in Europe, and foster the uptake of innovation in the EU.
Public procurement of innovation will:
Public procurement for innovation is about innovative goods and services. It differs from pre-commercial procurement which supports research and development activities, i.e. before innovative goods or services are ready to be procured.
The importance of the public procurement of innovation (PPI) is underlined in the Europe 2020 flagship initiative Innovation Union. The wider use of PPI means that:
The Procurement of Innovation Platform is an online hub that helps public authorities, procurers, policy makers, researchers, and other stakeholders utilise the power of public procurement of innovation. The Platform consists of three parts:
To recognise successful public procurement practices that have been used to purchase innovative, more effective, and efficient products or services, the Public Procurement of Innovation Award was launched.
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