Did Smart Specialization Approach Universities and Firms?

Abstract

Smart specialisation is a major driver of contemporary regional development policy in the European Union. Politicians, policymakers, and academics enthusiastically wave smart specialisation as the remedy that will fix the problems affecting previous policy rounds. The expectations towards the ‘remedial' effect of smart specialisation bear on the assumption that the policy approach will place the emphasis on what is unique in a given region by means of a so-called entrepreneurial process of discovery, basically a wide participatory process, underpinning a learning mechanism aimed at revealing the R&D and innovation domains in which that region can hope to excel. Universities are generally seen as central organisations in smart specialisation strategies, as made explicit in policy documents and academic papers. The chapter aims at knowing more about the power of smart specialisation policies to induce change in university-industry interactions and the promotion of sustainable growth.