A ‘knowledge economy’ means using knowledge, particularly technological and innovation knowledge, for economic benefit. In the rush to develop the knowledge economy it is important that smaller, less developed or remote regions are not left behind due to lack of expert help and resources. However, encouraging a knowledge economy can be a two-edged sword, with bigger and wealthier regions forging ahead while smaller ones flounder, widening the gap between stagnation and growth.
To avoid this and help all EU regions reap the maximum benefits from the growing knowledge economy, the ‘Regions of Knowledge’ initiative was created. Regions of Knowledge is an EU pilot action which consists of 14 projects that are developing strategies to implement the knowledge-based economy through cooperation and technological development between regions.
IN.TRACK is one of these 14 projects and is working with 4 regions – Madeira, Crete, Sicily and the Canary Islands – to support new measures to promote technological development and inter-regional cooperation between peripheral EU regions.READ MORE