Innogen · ‘Innogen Insider’ blog · October 31, 2013
Regional Innovation Policies in a Globally Connected Environment: Lessons from Europe
by Michele Mastroeni
This article was originally produced for the CIPS Blog at the Centre for International Policy Studies at the University of Ottawa, as a preview to Michele Mastroeni's CIPS Lecture on 18 October 2013.
Industry leaders and governments have pursued innovation as a source of economic growth for the last two decades. While firms have been striving to harness innovation in order to move beyond their competitors, governments have struggled to find a way to create and maintain an environment that encourages innovation within their jurisdictional boundaries.
The European Union’s efforts to encourage innovation-led economic growth focus predominantly on the regional level of governance, with its most recent approach being ‘Smart Specialisation’. Smart Specialisation offers a potential solution to Europe’s challenges in pursuing its innovation agenda—but as described to date, such an approach is limited.