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The Innovation Convention is an essential part of the Innovation Union flagship initiative. It will take place on a regular basis to take stock of the progress made towards the objectives of the Innovation Union and to discuss ways forward with a broader perspective in the global innovative economy.

The Innovation Convention 2011 will be led by the President of the European Commission, Mr. José Manuel Barroso and Máire Geoghegan-Quinn, European Commissioner for Research, Innovation, and Science. It will be Europe's premier innovation event, with 1,200 or more selected participants.

Why do we need an Innovation Union?

With an ageing population and strong competitive pressures from globalisation, Europe's future economic growth and jobs will increasingly have to come from innovation in products, services and business models. This is why innovation has been placed at the heart of the Europe 2020 strategy for growth and jobs. The Innovation Union aims to improve conditions and access to finance for research and innovation in Europe, to ensure that innovative ideas can be turned into products and services that create growth and jobs.

The Innovation Union contains over thirty action points including ground-breaking proposals like the European Innovation Partnerships.