The core work of EURADA
These fields of interest are the core work of EURADA. These different topics all aim to encourage best practices and to create new ideas of economic development. EURADA contributes by organising workshops and seminars, connecting the different stakeholders with each other and disseminating the right information through publications and newsletters. This year’s working priorities are all detailed on this page.
Following the Phoenix initiative, EURADA is to contribute in the implementation of specific measures for the absorption of knowledge in private enterprises. It is specially indicated to Phoenix type regions, thus intermediate EU regions that are not lagging behind with a strong dependence on Structural Funds or very advanced regions with competitive research and relevant acquisition of H2020 funds for their development. The initiative has the support of European Commission (mainly DG REGIO and DG GROW) and other stakeholders.
Contribution to the establishment of a group of practice of regions interested in promoting dual use in the defense industry. The main goal is to exchange best practices to support the acquisition of new markets for civil applications and the promotion of partnerships with other companies. EURADA has being working in this activity in cooperation with European Commission and the European Defense Agency, co-organising events and writing a guide published by DG GROW.
Exchange of best practices to effectively use financial instruments. Following Agorada 2016, we concluded that most of the European Regional Development Agencies (RDAs) are promoting loans, guarantee schemes and venture capital to contribute to financing private investment. Financial instruments are being deployed to contribute to companies’ competitiveness. However, there are still numerous challenges. Despite low interest rates private companies are facing important financial needs. Furthermore, from the point of view of RDAs financial instruments are complex to manage and need continuous updating of the skills of the RDAs’ staff. The purpose of this priority line is to help regional development agencies to explore possibilities to increase the availability of funds for investments in economic growth.
Supporting the effective implementation of the entrepreneurial discovery process to successfully implement RIS3. EURADA has an extensive number of activities in relation with RIS3. Regions are currently implementing their strategies and there is a need to support their activities.
The activities to support economic growth by regional development agencies have to be tailored continuously to answer local demands in enterprises. There are challenges that need to be addressed effectively in innovation, clients segmentation, deployment of new services by RDAS, supporting the internationalisation or new types of business models to support enterprises. RDAs could gain new insights using the experiences carried out by other development agencies as a basis.