Jun 13, 2016 | Posted By: Jeffrey Kleinpeter
The main objective is to support regions to adapt and change their industrial structures to unlock the potential of clusters and entrepreneurship for regional economic development and for addressing societal challenges such as reducing CO2 emissions, improving resource efficiency and environmental protection. The aim is in particular to better capitalise on all forms of creativity, new technologies and the transformative power of innovation to shape new globally competitive value chains that may help to foster the development of emerging industries. By supporting the development of more fertile environments in which small and medium-sized enterprises (SMEs) can combine creativity with the use of new technologies and more resource efficient solutions, new business opportunities may arise that result in smarter and more sustainable growth.