This document discusses a conference on text and data mining (TDM) opportunities in the European Union. It notes the vast amount of digital data available and the potential of TDM to address grand challenges and increase science efficiency. However, TDM faces legal barriers around data protection and copyright. The conference aims to establish a framework and research agenda to increase TDM adoption in Europe, overcome barriers, raise awareness of benefits, and foster cross-sector collaboration around TDM. It will create an online knowledge hub with tools and resources to support the TDM community and policymakers. The goal is to make EU research more competitive globally and ensure policy supports TDM-driven innovation.