Due to different factors as the relocation of work to Asia, the industry contribution to the EU economy is declining. This reflects the necessity to transform the current industry sector into a smarter one. Nevertheless, the European Innovation Scoreboard 2017 shows that SMEs with innovative products or processes have decreased 18 points since 2010 and not all EU countries are at the same level of innovation and smart specialization.
Therefore, it is essential to introduce the necessary changes in current policies to get a real smart transformation of the European industry, with the final aim of being more competitive and reaching the target set by the European Commission of boosting manufacturing´s share of GDP from 15% to 20% by 2020.
On the other hand, clusters have been proven to have a reticular effect to introduce changes in the European industry. The European Cluster Panorama 2016 shows that wages in more developed clusters are close to 3% higher than in industries not located in such regional hotspots. Thus, changing regional clusters policies will trigger the transformation of the industry in a larger scale.
For that reason, INNO4.0 project aims to increase rate of clusters that develop activities to support the transformation towards Industry4.0 by 2022 through the improvement of regional and national policies.
More details about the project can be found HERE.