European Regions, Interregional Smart Specialisation partnerships and other innovation stakeholders jointly call upon the European Parliament and the Council of the EU to preserve the proposed ‘Interregional Innovation Investments’ component and to preserve the following key elements irrespectively of the final regulatory location: Interregional nature, budget, central management and openness to third countries. All EU institutions acknowledge the EU added value of this new component and in particular how it can harness existing potential across less and more developed EU regions to develop EU innovation value chains and to strengthen EU competitiveness. Therefore, upcoming budget negotiations should not put this innovation component at risk.
On May 29, 2018, the European Commission proposed, as part of the European Territorial Cooperation INTERREG regulation, a new INTERREG component 5 on Interregional Innovation Investments. This new component 5, financed at €970 MLN, aims to develop European value chains across Europe through two strands: 1) support for investments in interregional innovation projects and 2) support for the development of value chains in less developed regions.
In a new joint statement, European networks and S3 partnerships come together to support the interregional innovation investments. The signatories of the statement include the Vanguard Initiative, EARTO, ERRIN, AER, CPMR, EuroTech Universities, European Network of Living Labs and several interregional S3 partnerships.
Together, the signatories call upon the European Parliament and the Council of the EU to preserve the following key elements of the component, irrespectively of its final regulatory location: