The public sector in Europe holds significant purchasing power. It spends around 2 trillion Euros on a yearly basis through public procurement. By using this budget in a strategic way through Innovation Procurement, the public sector could:
- Achieve the modernisation of its services with breakthrough solutions in a cost-effective manner
- Offer market opportunities to innovative business fostering thus the creation of growth and jobs in Europe and boosting the EU economy (see also below ‘Assessment Report on the performance of the EC funded IP projects in the security field’).