Smart Specialisation

Smart Specialisation is a tailored approach to economic development that encourages regions to identify and focus on their unique strengths and capabilities. This means that rather than trying to compete in every industry, a region should concentrate on specific areas where it has a competitive advantage. By investing in these specialisations, regions can foster innovation, create jobs, and drive sustainable growth. This strategy promotes collaboration between businesses, universities, and governments to leverage local resources effectively and enhance overall economic resilience. Essentially, it’s about maximizing the potential of what a region does best.