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2026/0264(COD)E1st reading – Council of the EU

European Innovation Act

With the Council of the EU, which is preparing its first-reading position.

Last active 16 Sept 2026

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What this bill does

In plain terms: what it changes and who it affects.

It creates EU-wide rules for public buying of research services and sets up EU support for valuing and selling intellectual property.

Who it affects

It affects public buyers, research and development firms, startups, scaleups, SMEs, and innovators seeking finance from intellectual property. It also affects businesses using cross-border public procurement or licensing intellectual property in the EU.

Core of the proposal
  • Sets common rules for R&D procurement, including pre-commercial procurement, above the EU threshold.
  • Requires market consultation, digital procurement, and wider use of European Business Wallets.
  • Facilitates groups, subcontracting, negotiation, phased development, and multiple sourcing in R&D contracts.
  • Creates an EUIPO competence centre, valuation framework, certification scheme, and IP marketplace for IP-backed finance.
Articles changed · 1 across 1 law
  • Regulation (EU) 2017/1001 (32017R1001)
    • entire act: amends the regulation to entrust EUIPO with new competence-centre, valuation and marketplace tasks

Latest update

18 Sept 2026

The most recent development in this bill's progress.

1st reading – European Parliament → 1st reading – Council of the EU

1st reading – European Parliament1st reading – Council of the EU

Documents

1 recent

SourcesOEILEUR-LexEU Law Tracker