Business model and feasibility study for regional branch observatories of intelligent markets
The SMART_watch project served as a transnational “think tank” cooperation for developing and share a unique approach called “Regional Branch Observatories” that helps SMEs and decision-makers to find best ways to implement smart specialisation strategies as well as transfer them to other regions. That should also contribute to enhance innovation-driven growth in the regions and reduce regional disparities. Within the SMART_watch activities, we have developed, shared and maintained a cooperation platform between stakeholders of the innovation sectors in Central Europe. The development of this innovative database could only be achieved through the extraordinary commitment of many involved actors and like-minded partners across European borders, who have put their heart and advanced knowledge into the implementation of this transnational project.
Therefore, an effort was made to establish a non-profit network to enable a systematic development and sustainable expansion of the SMART_watch collaboration. It shall combine the cross-innovation approach with cross-border activities, help to bring strengths of the regions together, matching research fields and market needs, bundle resources and offer better and time-saving services for companies.
RIS Observatory Functional model 01