Innovation ecosystems enable innovation and development at regional level. They are the result of collaborations between stakeholders such as universities, research and technology organisations, companies, venture capitalists and public policy makers.
The quality of innovation ecosystems is crucial for a better connected, more inclusive, more dynamic and more sustainable European Union. These innovation ecosystems need to be strengthened through collaboration, networking, the exchange of ideas and knowledge as well as the development of open innovation processes. Member States, Associated States as well as EU regions and their key stakeholders are encouraged to promote innovation by participating in concrete results-based initiatives. They can participate in the European Innovation Council (EIC) Forum, in joint innovation programmes, in joint programmes to scale-up enterprises and in joint education strategies where they can share their insights and experiences. Synergies with other EU programmes, with national or regional programmes and funds as well as close cooperation with private entities are to be encouraged.