Pierrick G (@sparklepg.bsky.social)

Why EU innovation policy fails to promote disruptive innovation Europe’s long-term prosperity depends on its ability to generate and absorb disruptive innovation. This column argues, however, that the European Commission’s proposed 2028–2034 Multiannual Financial Framework continues to prioritise large, highly prescriptive, and administratively complex collaborative schemes, and that there is little evidence that such grants foster disruptive innovation. The grants boost recipients’ short-term revenues but shows no long-term impact. Nearly half of the current grant programme is allocated to existing ‘mid-tech’ companies. EU innovation policy needs to shift from supporting established firms to funding bold, bottom-up ideas, especially from small, independent companies. https://cepr.org/voxeu/columns/why-eu-innovation-policy-fails-promote-disruptive-innovation