Industrial modernisation requires important investment efforts. The Regional Smart Specialisation Strategies (RIS3) helps to prioritise and align efforts between public and private stakeholders in EU regions and allocate EU and regional funds in a focused and efficient way. At the same time, there are clear opportunities to engage in strategic interregional cooperation along shared RIS3 priorities in order to complement each other’s competences, share infrastructure, and develop joint investment projects. Such interregional cooperation with allow scaling up towards larger impact and more effective collaboration along industrial value chains.

The Smart Specialisation Platform for Industrial Modernisation (S3P-Industry) aims to support EU regions committed to generate a pipeline of industrial investment projects following a bottom-up approach - implemented through interregional cooperation, cluster participation and industry involvement.

The S3P-Industry co-developed and co-led by the regions themselves ensuring an active participation of industry and related business organisations such as clusters, as well as research institutions, academia and civil society.

The Commission will mobilise a wide range of advice and support services to offer continuous support to the interregional partnerships to make this approach a real success for the benefit of all EU regions and their stakeholders.