This Study presents an interim evaluation of the current implementation of the innovation principle, limited to two of its three components, i.e. the Research and Innovation Tool included in the Better Regulation Toolbox, and the innovation deals. As a preliminary caveat, it is important to recall that the implementation of the innovation principle is still in its infancy, and thus the Study only represents a very early assessment of the extent to which the innovation principle is being correctly implemented, and whether changes would be required to make the principle more effective and useful in the context of the EU better regulation agenda. The Study is based on desk research, interviews with stakeholders and case study analysis. The main finding of this Study is that the innovation principle has the potential to contribute to the quality and future-proof nature of EU policy, but that significant changes will be needed for this potential to fully materialise.