By European Comission, 2012.
National/Regional Research and Innovation Strategies for Smart Specialisation (RIS3 strategies) are integrated, place-based economic transformation agendas that do five important things:
» They focus policy support and investments on key national/regional priorities,
challenges and needs for knowledge-based development.
» They build on each country/region’s strengths, competitive advantages
and potential for excellence.
» They support technological as well as practice-based innovation and aim
to stimulate private sector investment.
» They get stakeholders fully involved and encourage innovation and experimentation.
» They are evidence-based and include sound monitoring and evaluation systems.
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