Innovation principle can foster entrepreneurship

“Too much regulation and prescriptiveness can stifle innovation. That is why Europe needs the Innovation Principle, complementing the precautionary approach, to protect Europe’s ability to innovate. We cannot only assess risks, we must also grasp opportunities”, Markus J. Beyrer told Education and Research Ministers at the informal Competitiveness Council in Amsterdam. Beyrer commented on the Innovation Principle and other topics such as scientific evidence, better regulation and innovation, which were discussed at the conference “A better framework for innovation” organised on 26 January by BUSINESSEUROPE, the ERT and the ERF in Brussels.