Today, regional and economic development faces diverse and increasingly specialized tasks. In addition to strengthening the regional potentials there are also other opportunities to be encouraged. Some important fields of intervention are the promotion of economic branches, networks and clusters, innovation policy and the support to entrepreneurship and to the constitution of new companies. 

In our Opinion, the new current challenges of regional and economic development are the following:.

For our understanding, the new current challenges of regional and economic development are the following:

  • preservation and enhancement of international competitiveness as well as a sustainable economic growth
  • a balanced development of regions with the aim of strengthening economic and social cohesion
  • the achievement of a sustainable, environmentally responsible development with the protection of natural resources


Tasks and the promotion of good practices

The successful support to regional economic development through policy, science and regional networks of actors increasingly requires the application of the latest knowledge and specialized instruments.

The past regional policy oriented to provide adequate infrastructure (transport, commercial), investment aid to companies and marketing of location advantages, has been today partly reoriented to by far more difficult tasks:  

  • To accomplish the specialization of the infrastructures: wide variety of business incubators, innovation and technology centres.
  • To develop innovation-oriented supporting instruments: promotion of research, applied R&D, knowledge and technology transfer and science parks. 
  • To promote networking and clustering: branches and technology support services (such as cluster management). 
  • To support the creation of new companies: target-specific instruments for start-up phase, specific target-groups, branches.
  • Systemic thinking and acting: regional innovation policy requires the cooperation of  stakeholders from the fields of business, politics, science and mediation institutions (technology transfer, networks).
  • To create synergies and added value that the individual actors can not achieve individually: cooperation and governance.