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The Centrality of Entrepreneurial Discovery in Building and Implementing a Smart Specialisation Strategy

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  • Monica Coffano
  • Dominique Foray

Abstract

This paper is an attempt to clarify the essence of a smart specialisation strategy as a policy process. It aims in particular to explain why entrepreneurial discovery is an important design principle in this policy process. Finally, it presents the policy framework in which various tools and instruments need to be mobilized to maximize the likelihood of entrepreneurial discovery and facilitate the local concentration of resources in, and the early growth of the new activities generated by these discoveries.

Suggested Citation

  • Monica Coffano & Dominique Foray, 2014. "The Centrality of Entrepreneurial Discovery in Building and Implementing a Smart Specialisation Strategy," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 33-50.
    • Handle: RePEc:fan:scresc:v:html10.3280/scre2014-001003
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    Cited by:

    1. Andrés Rodríguez-Pose & Callum Wilkie, 2015. "Institutions and the Entrepreneurial Discovery Process for Smart Specialization," Papers in Evolutionary Economic Geography (PEEG) 1523, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2015.
    2. Roberto Camagni & Roberta Capello, 2015. "Rationale and design of EU cohesion policies in a period of crisis," Regional Science Policy & Practice, Wiley Blackwell, vol. 7(1), pages 25-47, March.
    3. Roberta Capello & Camilla Lenzi, 2016. "Innovation modes and entrepreneurial behavioral characteristics in regional growth," Small Business Economics, Springer, vol. 47(4), pages 875-893, December.
    4. Pierre-Alexandre Balland & Ron Boschma & Joan Crespo & David L. Rigby, 2017. "Smart Specialization policy in the EU: Relatedness, Knowledge Complexity and Regional Diversification," Papers in Evolutionary Economic Geography (PEEG) 1717, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2017.
    5. Roberta Capello & Camilla Lenzi, 2016. "Relevance and utility of European Union research, technological development and innovation policies for a smart growth," Environment and Planning C, , vol. 34(1), pages 52-72, February.
    6. Roberta Capello & Camilla Lenzi, 2015. "Una valutazione della rilevanza e utilit? delle politiche di Ricerca e sviluppo tecnologico dell?Unione Europea," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2015(3 Suppl.), pages 13-36.
    7. Ethan Gifford & Maureen McKelvey, 2019. "Knowledge-Intensive Entrepreneurship and S3: Conceptualizing Strategies for Sustainability," Sustainability, MDPI, vol. 11(18), pages 1-16, September.
    8. Roberta Capello & Andrea Caragliu & Ugo Fratesi, 2017. "Advances in Regional Growth Forecasting Models," International Regional Science Review, , vol. 40(1), pages 3-11, January.
    9. Li, Yang & Neffke, Frank M.H., 2024. "Evaluating the principle of relatedness: Estimation, drivers and implications for policy," Research Policy, Elsevier, vol. 53(3).
    10. Evgeniy Kutsenko & Ekaterina Islankina & Alexey Kindras, 2018. "Smart by Oneself? An Analysis of Russian Regional Innovation Strategies within the RIS3 Framework," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 12(1), pages 25-45.
    11. Mona ROMAN & Timo NYBERG, 2017. "Openness and Continuous Collaboration as the Foundation for Entrepreneurial Discovery Process in Finnish Regions," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(4), pages 517-531, December.
    12. Esparza Masana, Ricard & Fernández, Tatiana, 2019. "Monitoring S3: Key dimensions and implications," Evaluation and Program Planning, Elsevier, vol. 77(C).
    13. Jermina Stanojev & Christer Gustafsson, 2021. "Smart Specialisation Strategies for Elevating Integration of Cultural Heritage into Circular Economy," Sustainability, MDPI, vol. 13(7), pages 1-22, March.
    14. G. Martinidis & N. Komninos & E. Carayannis, 2022. "Taking into Account the Human Factor in Regional Innovation Systems and Policies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 849-879, June.
    15. László Szerb & Raquel Ortega‐Argilés & Zoltan J. Acs & Éva Komlósi, 2020. "Optimizing entrepreneurial development processes for smart specialization in the European Union," Papers in Regional Science, Wiley Blackwell, vol. 99(5), pages 1413-1457, October.
    16. Roberto Capello, 2014. "Smart Specialisation Strategy and the New EU Cohesion Policy Reform: Introductory Remarks," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 5-13.
    17. Roberta Capello & Andrea Caragliu & Ugo Fratesi, 2016. "The costs of the economic crisis: which scenario for the European regions?," Environment and Planning C, , vol. 34(1), pages 113-130, February.
    18. Yang Li & Frank Neffke, 2022. "Relatedness in regional development: in search of the right specification," Papers in Evolutionary Economic Geography (PEEG) 2208, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Apr 2022.
    19. Argentino Pessoa, 2016. "Rectracted: Smart specialization in the EU: RIS3 conditionality, innovation and cohesion," Papers in Regional Science, Wiley Blackwell, vol. 95(2), pages 439-439, June.

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    More about this item

    Keywords

    Specializzazione intelligente; scoperta imprenditoriale; nuova politica industriale.;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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