Smart Specialization Strategies




Smart Specialization Strategies

By developing smart specialization strategy Montenegro has joined the EU initiative, emphasizing a new model of economic development at the national and regional level based on a targeted support to scientific-research and innovative activities, through the draft of the Strategy for smart specialization of Montenegro.

Smart Specialization Strategy (S3) is, hence, a national or a regional innovative strategy for determination of development priorities, which goal is achieving competitive advantage throughout linkage of own capacities in research and innovations with the needs of economy, responding coherently on increasing possibilities and market development, thereby avoiding overlap and fragmentation of policies.

Specialization as a crucial element of economic development policy increases competitiveness of the economy focusing and connecting research and innovative resources with a constrained number of determined priority areas of economy. Also, this type strategy should use comparable advantages of the state or region in the greatest extent and contribute to economic growth and overall progress of society in that manner.

The Strategy available on the following linkhttp://www.mna.gov.me/ResourceManager/FileDownload.aspx?rId=366172&rType=2

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