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Endorsing the European Commission's approach to innovation- driven, strategic growth

05/12/2012

Commissioner for Regional Policy Johannes Hahn and Commissioner for Research, Innovation and Science, Máire Geoghegan-Quinn have today been presented with a report by the Organisation for Economic Co-operation and Development (OECD) which supports the main principles behind the Commission's thinking for the next period of EU spending in 2014-20. Pier-Carlo Padoan, Deputy-Secretary General and Chief Economist of the OECD was in Brussels to hand over the report to the European Commissioners.

The report concerns the use of so called 'Smart Specialisation' strategies to design better public policies for boosting innovation-driven growth in EU regions through EU investments. "Smart specialisation" is a strategic approach to economic development through targeted support for research and innovation and was announced in the 'Innovation Union' flagship initiative of the Europe 2020 Strategy. The aim is to ensure more effective and efficient innovation policy strategies at national and regional level to maximise the impact of EU investments such as those under Horizon2020 and EU structural funds.

More information:

Factsheet on Research Innovation Strategies for Smart Specialisation

“Smart Specialisation Strategies for Innovation-driven Growth” OECD report