We need innovation to create jobs and build wealth; adopting an Innovation Principle when making key decisions in legislations is the way the EU should go.
Fostering innovationAdopt an Innovation Principle in EU decision-making:
The EU should formally adopt an Innovation Principle in European risk management and regulatory practice. Whenever legislation is under consideration, its impact on innovation should also be taken into full account in the policy and legislative process, including in the Commission Impact Assessment Guidelines. The Innovation Principle will contribute to a balanced European regulatory policy, allowing continued investment in European innovation – the foundation of job and wealth creation within Europe, and vital to tackling the on-going financial crisis.
Innovation improves our life
4 Source: "Food Security in a World of Natural Resource Scarcity: The Role of Agricultural Technologies", IFPRI (2014)