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Smart Specialisation- efficient and effective use of public investment in research

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http://ec.europa.eu/research/regions/index_en.cfm?pg=smart_specialisation
Smart specialisation is a new innovation policy concept designed to promote the efficient and effective use of public investment in research. Its goal is to boost regional innovation in order to achieve economic growth and prosperity, by enabling regions to focus on their strengths. Smart specialisation understands that spreading investment too thinly across several frontier technology fields risks limiting the impact in any one area. In order to help better understanding of the complex concept of Smart Specialisation, the Directorate General for Regional Policy has prepared this humorous video on "The Kingdom of Smart".

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