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Smart Specialisation or RIS3 (Research and Innovation Strategies for Smart Specialisation) is a strategic approach to economic development through targeted support for research and innovation. It involves a process of developing a vision, identifying the place-based areas of greatest strategic potential, developing multi-stakeholder governance mechanisms, setting strategic priorities and using smart policies to maximize the knowledge-based development potential of a region, regardless of whether it is strong or weak, high-tech or low-tech.

The ideas around Smart Specialisation are well in line with the European Commission overall growth strategy, EU 2020, and its response to the ongoing economic crisis. These include a focus on identifying niche areas of competitive strength, solving major societal challenges (bringing in a demand-driven dimension), innovation partnerships emphasizing greater co-ordination between different societal stakeholders and aligning resources and strategies between private and public actors of different governance levels. Smart Specialisation was also found to be an appropriate strategy to counteract EU R&D investment being amassed in a few northern regions and as a way for southern regions to find their strengths, develop their innovation potential and access these funds.

The North-East Region of Romania nurtures a clean, stable and safe business environment by linking to macro-economic EU framework conditions and by implementing European Commision’s Smart Specialization Strategy (RIS3). Based on that, our team started a mapping and appraisal process of the existing high potential value chains in the region. The main focus of this process is on closing the loops in each value chain, to make the transition to a circular economy, and to transform the missing links into investment opportunities.

According to the decision of the OECD member states, the IT&C sector is defined as a combination of the production and service activities of industries that receive, transmit and display data and information electronically.

According to the classification of activities in the national economy (CAEN Rev.2), this sector comprises 12 sub-sectors:

a. Production:

• 261 – Production of electronic components

• 262 – Production of computers and peripheral equipment

• 263 – Production of communications equipment

• 264 – Production of consumer electronics products

• 268 – Production of magnetic and optical mounts for recording

b. Services

• 465 – Wholesale of computer and telecommunication equipment

• 582 – Software publishing activities

• 61 – Telecommunications

• 62 – Information technology service activities

• 631 – Activities of web portals, data processing, web pages management and related activities

• 951 – Repair of computers and communication equipment

Fundamental Fields:

• Computers and information technology;

• New media;

• Public health;

• Electronic engineering & telecommunications;

Future development directions & identified value chains:

• Artificial intelligence (robotics, manufacturing integrated systems, computing systems, voice recognition);

• Improved energy efficiency, energy-net, Smart city;

• Cybernetic security;

• Gamification; 

• Big-data analysis applied in telemetry, telematics, tele-assistance, telemedicine;

• e-Medicine, e-inclusion;

• Real-time monitoring of social systems;   

• Tracking food products along the whole value chain;

• Nanoelectronics, optoelectronics;

• Industrial software;

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