What is Smart Specialization strategy

This chapter provides a conceptual framework of entrepreneurial universities' strategic role which has been viewed as an operational approach of promoting innovation–driven regional growth. Nowadays, entrepreneurial universities' strategic role and research institutions' innovative capabilities are distinguished as significant knowledge facilitators for regional economic development, due to their spin-off that adds value through knowledge creation and entrepreneurial discovery process. This chapter exemplifies entrepreneurial universities' strategic perspectives and their impact on a regional innovation system that enables a region to be more creative and innovative, especially new EU member states' territories in order to create their pioneering business opportunity with worldwide competency.