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.

More information:
Phoenix initiative. Christian SAUBLENS
Watify campaign. European Commission
Platform for industrial modernisation. European Commission

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.

More information:
EU funding for Dual Use A practical guide to accessing EU funds for European Regional Authorities and SMEs. Christian SAUBLENS. European Commission
European Network of Defence-related Regions. European Commission
CenSec Center for Defence, Space & Security

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.

More information:
All money is not the same! SME access to finance. Guidebook for public decision-makers and intermediaries (2011) Christian SAUBLENS
EU Access to Finance portal. European Commission
InnovFin. EU finance for innovators. European Investment Bank. European Commission
COSME programme for the Competitiveness of Enterprises and Small and Medium-Sized Enterprises

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.

More information:
Smart Specialisation Platform. JRC. European Commission Seville
Guide to Research and Innovation Strategies for Smart Specialisations (2012). European Commission
Regional policy for smart growth of SMEs. Guide for Managing Authorities and bodies in charge of the development and implementation of Research and Innovation Strategies for Smart Specialisation. (2013). Christian SAUBLENS. European Commission
Mirror Group of the Smart Specialisation Platform
Beyond EDP project financed by Interreg Europe programme. The project is providing practical experience the actual implementation of smart specialisation strategies.

Following the initiative of Proximology, there is a commitment of EURADA to take the leadership of an agenda aiming to promote economic development based on the local human and entrepreneurial capital facing the problem of being fully part of the global economy.

More information:
Guide to Social Innovation (2013) JRC. European Commission
EU initiatives on Social Innovation. DG Grow. European Commission
Social Seeds project financed by the Interreg Europe Programme. The project is providing results on how to improve the public policy support to social enterprises

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.

More information:
Peer learning of innovation agencies. EASME European Commission
Policy learning platform. Interreg Europe
Encyclopaedia. Know-Hub project. Interreg IVC