Science|Business
Policy Analysis: Nanotech, Policy
Published: 14 June 2012
Regions and small countries need a Smart Specialisation strategy

Dominique Foray

Beyond measures to improve the framework conditions for innovation there is a need to concentrate resources in priority areas. Governments must let entrepreneurs show the way to these Smart Specialisations, says Dominique Foray


Dominique Foray, director of the Chaire en Economie et Management de l'Innovation at Ecole Polytechnique Fédérale de Lausanne

Smart specialisation is a policy concept that has enjoyed a short but very exciting life. Since being elaborated by a group of innovation scholars in 2009, it has very quickly had a significant impact on the policy audience, particularly in Europe. The concept is now a key element of the EU 2020 innovation plan, with the Commission deciding to build a platform of services to support regions in devising and implementing a smart specialisation strategy.

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Related subjects: Horizon 2020, Smart Specialisation

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