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smart specialisation strategy

as defined in Regulation (EU) No 1303/2013 of the European Parliament and of the Council of…, Article 2, point (3) (Definitions)

(3) 

'smart specialisation strategy' means the national or regional innovation strategies which set priorities in order to build competitive advantage by developing and matching research and innovation own strengths to business needs in order to address emerging opportunities and market developments in a coherent manner, while avoiding duplication and fragmentation of efforts; a smart specialisation strategy may take the form of, or be included in, a national or regional research and innovation (R&I) strategic policy framework;

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