The Pact for Innovation (INPACT) was signed by the K4I Forum Chairman Lambert van Nistelrooij, the Vice-Chairman Jerzy Buzek and the K4I leadership. It was handed over to Research and Innovation Commissioner Carlos Moedas during the Opening Ceremony of the 7th European Innovation Summit on 7 December 2015. Both Commissioner Katainen and Commissioner Moedas welcomed the Pact during their speeches and expressed their support. At the same time the President of the Committee of the Regions Markku Markkula welcomed the Pact proposal and invited all members of the European Committee of the Regions to support this initiative.

The objective of the Pact for Innovation (INPACT) is to create a space for close collaboration between key stakeholders and the European Institutions. The focus of INPACT is on implementation of actions within identified priorities, where concrete timely changes can be achieved best at EU level. Initially 14 priorities have been identified under the following headings:

  • A coherent set of EU policies for innovation
  • Re-focusing and aligning EU budgets and investments towards innovation
  • Improving citizens and investor confidence in Europe
  • Paving the way for the next generation (of scientists, researchers, inventors and innovators)

To facilitate the work of INPACT and as a first concrete step towards its implementation, the INPACT priorities are currently translated into actions and ‘tagged’ with indicators for each of the dimensions of the Pact. This work is a contribution by K4I founding member JIIP (Joint Institute for Innovation Policy) and bases itself on existing and recognised indicator sets (such as the OECD IPP, IUS,GII, GCI etc.) and close collaboration with the organisations responsible for them. The outcome of this exercise will allow to better monitor progress and understand the specific needs for action in the different dimensions of INPACT.

The approach and anticipated results will be presented during the conference. The aim is to present first results in the end of May 2016 to the Competitiveness Council under Dutch Presidency.

The Pact’s priorities will be further developed by Task Force, composed by interested stakeholders with a relevant expertise.

The kick-off event of the Pact will bring together interested pro-innovation stakeholders considering to join the Pact for Innovation and to contribute to its implementation. K4I Forum political members and other Members of the European Parliament are invited to sign the Pact and cooperate on INPACT priorities that relate to their work and interest

The signed Pact for Innovation is available here.