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Smart Regions' story

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The Canary Islands region had an extremely high unemployment in the past years. The main problem was its isolation. Being located far away in the middle of the ocean, meant they had less opportunities for business activities and economic exchanges then other regions on the mainland. But once they started to see their unique remote location as an opportunity, and started to use the ocean as a new source of energy, the economic recovery kicked in. Now having a scientific and an industrial test site, funded by the EU, offers its users not only data and knowledge on oceanic parameters, but also offers services. This opportunity has been exploited in order to create economic growth and bring the Canary islands to the path of recovery and job creation. As Dominique Foray, from the Swiss Federal Institute of Technology, explained: "Every region is able to identify some strategic domains where new opportunities can be identified and supported, to build competitive advantage for the future."

Type: Clip   Reference: I-140045   Date: 18/07/2017   Duration: 02:42
Languages: ENGLISH, ENGLISH (ENGLISH SUBTITLE), ENGLISH (FRANÇAIS SUBTITLE), ENGLISH (DEUTSCH SUBTITLE), ENGLISH (ITALIANO SUBTITLE), ENGLISH (NEDERLANDS SUBTITLE), ENGLISH (ESPANOL SUBTITLE), ENGLISH (БЪЛГАРСКИ SUBTITLE), ENGLISH (ČEŠTINA SUBTITLE), ENGLISH (DANSK SUBTITLE), ENGLISH (EESTI SUBTITLE), ENGLISH (ΕΛΛΗΝΙΚΆ SUBTITLE), ENGLISH (GAEILGE SUBTITLE), ENGLISH (LATVIEŠU VALODA SUBTITLE), ENGLISH (LIETUVIŲ KALBA SUBTITLE), ENGLISH (MAGYAR SUBTITLE), ENGLISH (MALTI SUBTITLE), ENGLISH (POLSKI SUBTITLE), ENGLISH (PORTUGUÊS SUBTITLE), ENGLISH (ROMÂNĂ SUBTITLE), ENGLISH (SLOVENČINA SUBTITLE), ENGLISH (SLOVENŠČINA SUBTITLE), ENGLISH (SUOMI SUBTITLE), ENGLISH (SVENSKA SUBTITLE), ENGLISH (HRVATSKI SUBTITLE)

Tags: Canary Islands | Investment | Regional development
© European Union, 2017   /   Source: EC - Audiovisual Service
Director: Barbara Grahek-Lazarevic
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02:42 Smart Regions' story
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