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Smart Specialisation, seizing new industrial opportunities

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Abstract

This study offers a novel analytical approach to inform the regional search for new industrial opportunities, as promoted by smart specialisation in the EU Cohesion policy context. The analysis departs from the challenges of practicing smart specialisation and its entrepreneurial discovery process in a dynamic perspective. It argues that the adoption of a dynamic approach to identify new opportunities implies mapping regional business and innovation assets as well as, assessing their position within the global technological and industrial landscape. The study brings a case study of Lombardy region, spurring the S3 Lab initiative (in collaboration with Baden-Württemberg, Catalonia and Lapland), together with a comparative analysis of its technological profile. The empirical study combines patent data from OECD REGPAT and territorial proprietary micro-data from Lombardy region on firm creation in emerging industries (EI) – new industrial sectors or existing sectors evolving into new industries (European Cluster Observatory). These industries represent a priority area for Lombardy's innovation-led development strategy. The initial observations confirm the importance of such industries in the region; they represent more than one-third of employment, almost a half of the regional value-added and feature together the majority of start-ups, suggesting the relevance of the regional strategic development choices. Also, in terms of productive advantages, Lombardy ranks high in some key EI. The mapping of technological competences through patent indicators, e.g. specialisation, diversification and ability to specialise in fast-growing and niche fields gives relevant insights on the technological potential of the region, providing further guidance for better targeted interventions.

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  • Antonio VEZZANI & Marco BACCAN & Alina CANDU & CASTELLI & Mafini DOSSO & Petros GKOTSIS, 2017. "Smart Specialisation, seizing new industrial opportunities," JRC Research Reports JRC108247, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc108247
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    1. Alexander Kleibrink & Carlo Gianelle & Mathieu Doussineau, 2016. "Monitoring innovation and territorial development in Europe: emergent strategic management," European Planning Studies, Taylor & Francis Journals, vol. 24(8), pages 1438-1458, August.
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    Cited by:

    1. Mafini Dosso & Lesley Potters & Alexander Tübke, 2019. "Distribution of Industrial Research & Innovation Activities: An Application of Technology Readiness Levels," JRC Research Reports JRC115449, Joint Research Centre.
    2. Eskarne Arregui-Pabollet & John Huw Edwards & Jean-Marie Rousseau, 2018. "Higher Education for Smart Specialisation: The case of Centre-Val de Loire, France," JRC Research Reports JRC113844, Joint Research Centre.
    3. Hausmann, Ricardo & Pietrobelli, Carlo & Santos, Miguel Angel, 2021. "Place-specific determinants of income gaps: New sub-national evidence from Mexico," Journal of Business Research, Elsevier, vol. 131(C), pages 782-792.
    4. Laima Gerlitz & Christopher Meyer & Christopher Meyer & Gunnar Prause & Gunnar Prause, 2020. "Methodology approach on benchmarking Regional Innovation on Smart Specialisation (RIS3): a joint macro-regional tool to regional performance evaluation and monitoring in Central Europe," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1359-1385, December.
    5. Andrea Filippetti & Petros Gkotsis & Antonio Vezzani & Antonio Zinilli, 2020. "Are innovative regions more resilient? Evidence from Europe in 2008–2016," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 37(3), pages 807-832, October.

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    More about this item

    Keywords

    smart specialisation; emerging industries; regional search; technological specialisation;
    All these keywords.

    JEL classification:

    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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