The potential demand generated through innovation-oriented public procurement is very high. Annual public procurement expenditure in the European Union amounts to about 17-19 % of GDP. At an estimated € 350 billion, the corresponding ratio for Germany is slightly lower at around 10-15 %.
If it were possible to harness just one percent of the total procurement volume for new products and/or services, this would stimulate innovation in Germany to the tune of € 3 billion. That’s more than the national and regional governments make available to enterprises each year for research and development (about € 2.1 billion).
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