Accounting for over 14% of GDP, EU public procurement could create a huge market for innovative products and services, but its potential in this area remains underutilised. The European Commission aims to improve public procurement practices, promote the demand of innovative goods, services and works in Europe, and foster the uptake of innovation in the EU. This will allow the integration of public demand into the innovation ecosystem and foster economic recovery.
Innovation procurement includes:
Through the public procurement of innovation, public buyers can:
The European Commission supports public buyers looking to develop or purchase innovative solutions. It provides:
The European Union also finances innovation procurement projects aimed at developing more innovation-oriented practices that contribute to smart, sustainable and inclusive growth. The aim is to stimulate the development of innovative enterprises in Europe.
To aid in the establishment of a collaborative framework with innovation ecosystems, the European Union funds: