The definition and monitorization of innovation procurement policies in the EU Countries

Abstract

Public procurement emerges as a potentially powerful instrument for stimulating R&D, with the goal of supplying leading markets for new technologies. The research paper intends to introduce a better understanding of responsibilities and definition activities and monitorization of innovation procurement policies (IPP) in European countries. By identifying key factors responsible for defining such policies alongside monitoring mechanisms used currently or proposed going forward, it provides useful recommendations based on past learnings aimed at enhancing overall effectiveness over time. The main result of this research suggests that policymakers should focus on developing more robust innovation procurement policies that prioritize long-term benefits rather than short-term cost savings.