Page 111 - Proceeding 2015

NASTASEANU Ariana FAMP
SMART SPECIALIZATION STRATEGIES AND EMPOWERING CITIZENS CCASP

headline targets. Larger efforts will be required to get back on track with R&D investment, while meeting
the employment and poverty targets will remain challenging.

3. SMART SPECIALIZATION STRATEGY (S3) AND QUADRUPLE HELIX (KNOWLEDGE
PROCEEDINGS OF THE 11 TH ADMINISTRATION AND PUBLIC MANAGEMENT INTERNATIONAL CONFERENCE
TRIANGLE INTEGRATION)

‘Europe 2020’ requires policy makers to consider how the different aspects of smart, sustainable and
inclusive growth are interrelated. Integrated smart specialization strategies respond to complex

development challenges by adapting the policy to the regional context.

Regional Innovation Scheme (RIS3) supports the creation of knowledge-based jobs and growth not only
in leading research and innovation (R&I) hubs but also in less developed and rural regions. RIS3 is a key
part of the proposed EU Cohesion Policy reform supporting thematic concentration and reinforcing

strategic programming and performance orientation. The concept of ‘smart specialization’ is not new or
not applied only within EU Member States. As well OECD (Organization for Economic Cooperation and
30 th – 31 st October 2015 ”Strategic Management for Local Communities” Bucharest Development) introduced the Smart specialisation’ approach which combines industrial, educational and

innovation policies to suggest that countries or regions identify and select a limited number of priority
areas for knowledge-based investments, focusing on their strengths and comparative advantages.

This entails:

? More effective spending of public resources, concentrating on certain domains of knowledge or
expertise.

? The creation of synergies between public support mechanisms for R&D and innovation, industrial

promotion and training institutions.

? The elimination of fragmentation and duplication of policy interventions that may result in a waste
of public resources.

? The identification of the strongest or promising domains for entrepreneurship and growth through
a careful analysis of the existing capabilities, assets, competences, competitive advantages in a
city, region or country.

? Mechanisms to enable strategic development based on multi-faceted and multi-governance
interactions.

? Mapping and benchmarking of cluster including analyses of the role and influence of key players.

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