The European Regional Innovation Valley of Transylvania- a pivotal step to boost interregional innovation and address the innovation divide
11th of April 2023
Cluj ecosystem launched the first Regional Innovation Valley in Romaniato promote innovation-driven territorial transformation, tackle critical societal challenges, and accelerate green and digital transitions.
The initiative meets the European Commission’s strategy to establish up to 100 regional innovation valleys that can benefit from co-funding from the European Innovation Ecosystems part of Horizon Europe and the Interregional Innovation Investment (I3) of the European Regional Development Fund.
Emil Boc, Mayor of Cluj-Napoca and Chair of the CoR’s Commission for Territorial Cohesion and EU Budget (COTER)
“Partnerships for Regional Innovation are one of the best instruments to bring people, territories, and communities together to boost innovation and create jobs in every part of the European Union. Working better together in different ways than before is the very essence of the Partnership for Regional Innovation. Innovation is key to competitiveness and cohesion and creating attractive and sustainable living conditions for our citizens.”
What is an RIV?
Regional innovation valleys are places supported by the European Union to strengthen and advance European innovation ecosystems, connecting all EU territories, addressing Europe’s burning societal challenges, and fostering stronger cohesion.
RIVs aim to harness the potential of deep-tech innovation across the different EU territories and address the innovation divide. In the coming months, up to 100 regions will be formed on the entire European territory.