Since 2000, the European Research Area (ERA) has led to important achievements in the Research and Innovation (R&I) European landscape, notably in areas such as Open Science, mobility of researchers, research infrastructures, among others. (1) However, progress has recently been slowing down, showing that improvements in key areas are needed. (2) It is in this context that the Young European Research Universities Network (YERUN) welcomed the Communication a “New ERA for Research and Innovation” and the Council Conclusions on the new ERA launched at the end of 2020. They set a direction for the future of the ERA through four strategic objectives: prioritising investments and reforms, improving access to excellence, translating R&I results into the economy, and deepening the ERA. It is now time to move from strategy to implementation, and to answer the questions: How to translate such strategic objectives into the reality of the different European R&I actors? How to ensure a strong commitment from the entire European R&I community, including national governments? How to keep track of progress and ensure an inclusive and effective governance and implementation of the ERA?