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Montenegro is first country after EU members to adopt Smart Specialisation Strategy

Published on: Jun 21, 2019 12:16 AM Author: PR Service
PR Service PR Service

Podgorica, Montenegro (20 June 2019) -- At today's session, the Montenegrin Cabinet passed the Smart Specialisation Strategy.

"This strategy is not a strategy of the Ministry of Science, but of the State of Montenegro, which recognises the priority areas that have the greatest potential for economic development, for which research and innovation are key factors that can significantly increase competitiveness. In fact, it is a recipe for the European Union to trace the modern development of an economy based on domestic potentials, but with openness to the international market, and to advance technologically the traditional sectors, especially through digitisation," Minister of Science Sanja Damjanović told the press conference following the Cabinet session.

In this way, investments focus on domains and areas for which the strategy has shown that Montenegro can be competitive on a wider scale. In that regard, Montenegro has identified the following priority areas: sustainable agriculture and food value chain, sustainable and health tourism, energy and sustainable environment, with technological support of information and communication technologies.

The Smart Specialisation Strategy is one of the conditions for using EU funds, as well as a strict prerequisite for the use of structural funds once they are available to Montenegro.

It took two years to draft the strategy according to the methodology developed by the EU, which closely followed and evaluated each stage of the process. The Ministry of Science coordinated this process with the support of the Ministry of Economy, but in fact more than 300 people from the academic, economic, public and civil sectors worked on this strategy, more than half of which were from the business sector.

"An important benefit from this strategy is to access European thematic platforms for smart specialisation, which will be available to us from today on. Thematic platforms are created by the countries of the European Union that have similar strategic priorities within their S3 strategies. In this way they implement joint projects and enter the international market. Our country is striving to join such platforms," Minister Damjanović explained.

The Science Minister said that the next step is to define the national structure that will be in charge of both the management and the implementation of the S3 strategy.

The Smart Specialisation Strategy is adopted for the period 2019-2024. The Strategy will form the basis for priority investment in research, innovation and development. During this period, investments worth about EUR 174 million are planned. Out of the total planned investments, EUR 116.5 million will be provided from the budget, while investments from the private sector are projected at EUR 21.7 million. A total of EUR 33.5 million will be provided through the EU funds and EUR 2,5 million from other international organisations and programmes.
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