Smart Specialisation Strategies

Smart Specialisation Strategies (S3) are a way for regions to focus their resources on areas where they have strong potential or unique expertise, helping them become more competitive and innovative. Instead of spreading efforts thinly across many sectors, regions identify specific industries or technologies where they can excel, invest in research and development, and support businesses in those areas. This targeted approach encourages sustainable economic growth, creates jobs, and fosters innovation by building on local strengths. Essentially, S3 helps regions strategically grow by concentrating on their distinctive capabilities to achieve better long-term development outcomes.