RIS3

RIS3

Recently, Research and Innovation Strategy for Smart Specialisation (RIS) has been a widely used concept in supporting research and innovation, particularly in EU countries. The concept is geared towards the intelligent utilisation and development of a given country or region’s potential, with the aim of creating long-term competitive advantages based on the exploitation of knowledge and innovation. The concept of smart innovation must be understood as a new approach to innovation policy; instead of offering blanket support for research and innovation activities, government intervention focuses on chosen priority areas with great potential for development and the application of new knowledge to economic activities. The Strategy not only concerns economic growth, but takes into consideration environmental sustainability, social solidarity, and responses to social challenges. The Strategy builds on the strengths of a country or region and its specific capacities and resources concerning economics, innovation and research.