Smart Specialization Strategies

Smart Specialization Strategies are a way for regions to boost economic growth by focusing on areas where they have unique strengths or competitive advantages. Instead of spreading resources thinly across many industries, regions identify their best opportunities—like particular technologies, skills, or sectors—and invest in developing them further. This targeted approach encourages innovation, attracts investment, and creates jobs, helping regions become leaders in specific fields. Essentially, it's about playing to a region’s unique strengths to build a sustainable, competitive economy.