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What is Smart Specialization Strategies or RIS 3 (Research and Innovation Strategies for Smart Specialization)

Chapter 29
Handbook of Research on Global Competitive Advantage through Innovation and Entrepreneurship
Refer to the combination of industrial, educational and innovation policies that suggest that countries or regions identify and select a limited number of priority areas for knowledge-based investments, according to their strengths and comparative advantages. It constitutes essentially a strategic approach to economic development through targeted support for research and innovation.
Published in Chapter:
The Challenges of Smart Specialization Strategies and the Role of Entrepreneurial Universities: A New Competitive Paradigm
Domingos Santos (Polytechnic Institute of Castelo Branco, Portugal & New University of Lisbon, Portugal) and Nuno Caseiro (Polytechnic Institute of Castelo Branco, Portugal)
Copyright: © 2015 |Pages: 15
DOI: 10.4018/978-1-4666-8348-8.ch029
Abstract
This chapter explores the relation between the concepts of entrepreneurial universities (EU) within the framework of Smart Specialization Strategies (S3). The latter is arising as a new competitive paradigm and universities can be of great importance for its successful implementation because of their contribution both as a partner institution, policy actor and producer of knowledge and social capital that can affect the potential for economic growth and development of regions. The links and contributions of both dimensions are presented and explored. As a final point, the concept of entrepreneurial ecosystem is presented as a consequence and future development of the dynamics resulting S3 and entrepreneurial universities interactions.
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