European Commission launches "Capital of Innovation" award
The European Commission has today started the search for the first European Capital of Innovation, or iCapital. The prize will reward the city which is building the best “innovation ecosystem”, connecting citizens, public organisations, academia, and business. The winning city will receive €500 000 to scale up its achievements. The contest is open to cities with over 100 000 inhabitants and for initiatives that have been running since at least 1 January 2010. In countries where there is no city with more than 100 000 inhabitants, the largest city is eligible to apply. The deadline for applications is 3 December 2013.