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The goals of Smart Specialisation

Smart specialisation is an innovative policy concept which emphasizes the principle of prioritisation in a vertical logic (to favour some technologies, fields, population of firms) and defines a method to identify such desirable areas for innovation policy intervention.
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Abstract

Smart specialisation is an innovative policy concept which emphasizes the principle of prioritisation in a vertical logic (to favour some technologies, fields, population of firms) and defines a method to identify such desirable areas for innovation policy intervention. Its rationale involves both the fact that, even in the information age, the logic of specialisation is intact, particularly for small entities such as regional economies in Europe and the argument that the task of identification (of what should be prioritised) is very difficult and therefore needs a sophisticated policy design. With this policy brief, it is our aim to set out a coherent vision of the goals of the policy approach that is evoked by the term smart specialisation.