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The Ten Million Euro Question: How Do Innovation Intermediaries Support Smart Specialization?

Author

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  • Matjaz Vidmar

    (Science, Technology and Innovation Studies, The University of Edinburgh, United Kingdom)

Abstract

Smart Specialization Strategy (S3) has become a dominant regional economic development field with significant policy traction, in particular within the European Union. However, questions are being raised about its operationalization and a gap has been identified with respect to the role of innovation intermediaries' interventions in support of the developing regional-sectoral innovation systems. In particular, reasons for diverging policy approaches of "niche specialization" versus "regional advantage" in comparable situations should be examined to illuminate the contextual factors impacting the interpretation of the intermediaries' mandates. In this paper, the cases of two leading investments in innovation intermediation in the emerging New Space sector are analyzed (Space-SI and Higgs Centre for Innovation) in two EU NUTS level 1 regions (Slovenia and Scotland), which were previously peripheral players in this technological domain. In particular, using a novel innovation intermediation interventions' classification, this paper identifies the difference between research and development (R&D) and business development (BD) support foci in the two locales, noting some of the contextual factors associated with them and arguing for the long-term balancing of the two approaches.

Suggested Citation

  • Matjaz Vidmar, 2019. "The Ten Million Euro Question: How Do Innovation Intermediaries Support Smart Specialization?," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 21(2), pages 37-84, December.
    • Handle: RePEc:iez:survey:ces-v21_2-2019_vidmar
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    References listed on IDEAS

    as
    1. Dominique Foray & Xabier Goenaga, 2013. "The goals of Smart Specialisation," JRC Research Reports JRC82213, Joint Research Centre.
    2. Ron Boschma & Koen Frenken, 2011. "Technological Relatedness, Related Variety and Economic Geography," Chapters, in: Philip Cooke & Bjørn Asheim & Ron Boschma & Ron Martin & Dafna Schwartz & Franz Tödtling (ed.), Handbook of Regional Innovation and Growth, chapter 14, Edward Elgar Publishing.
    3. Doh, Soogwan & Kim, Byungkyu, 2014. "Government support for SME innovations in the regional industries: The case of government financial support program in South Korea," Research Policy, Elsevier, vol. 43(9), pages 1557-1569.
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    More about this item

    Keywords

    smart specialization; innovation intermediaries; innovation policy; innovation networks; New Space industry;
    All these keywords.

    JEL classification:

    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy

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