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Innovation is highly concentrated
Balland, P.A., Hidalgo, C.,
et al. (2018) Complex
Economic Activities
Concentrate in Large
Cities
Knowledge is highly concentrated
Economic complexity enables sustainable growth
Smart specialization principles
Knowledge is highly concentrated
Economic complexity enables sustainable growth
The principle of relatedness
Smart specialization principles
RELATEDNESS
COMPL
EXITY
HIGH RISKS
HIGH BENEFITS
HIGH RISKS
LOW BENEFITS
LOW RISKS
HIGH BENEFITS
LOW RISKS
LOW BENEFITS
Smart Specialization Strategy
Balland et al. (2018)
The biggest opportunity of digital transformation of research & innovation policy is not about going paperless and automating routine-based tasks, it is about using digital brains and big data to make better decision-making