Smart specialisation is an EU regional innovation policy approach, and ´smart specialisation strategy´ (also termed an S3) in the EU context comprises a national or regional innovation strategy, which sets priorities for research and innovation spending to build the competitive advantage of the region by developing and matching its strengths to business needs.
The related research and innovation funding, guided by smart specialisation, represents more than €70 billion over the two programming periods (2014-2020 and 2021-2027).
The European Union has issued a review aimed at providing helpful information on what smart specialisation entails and how it is implemented within the EU.
Smart specialisation is essential, as it is a pioneering place-based tool intended to bring about a significant shift from scattered investments across EU funds to a more strategic approach.
This review provides a description and analysis mainly based on publicly available information.
If you are interested in the Veneto Smart Specialisation Strategy, click here