This paper examines the arguments underpinning the smart specialisation concept,\nan idea which originally emerged from the sectoral growth literature, and one which has recently\nbeen applied with to the regional policy context. The shift from a sectoral to a regional context\nappears prima facie to be quite straightforward but this paper explains that translating the idea to a\nregional policy context is rather more complex that it at first appears and implies some changes in\nboth interpretation and implications. The outcomes of this are that in a regional policy setting the\nsmart specialisation logic is seen to be broadly consistent with the overall reforms of EU Cohesion\nPolicy. However, in a regional policy setting there is no reason why ICTs should be prioritised over\nmany forms of intangible capital, and the promotion of technological diversification via\nentrepreneurship may need to be related to specific sectors or activities.
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