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Guide to Research and Innovation Strategies for Smart Specialisation

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• Develop innovative financial instruments such as equity funds or guarantee funds <strong>to</strong> cofinance<br />

investments in the cultural <strong>and</strong> creative sec<strong>to</strong>rs, in conjunction with the financial<br />

instrument that is proposed under the Creative Europe framework programme 108 as a<br />

way <strong>to</strong> give leverage <strong>to</strong> private investment in this field.<br />

• Further exploit links between the CCIs <strong>and</strong> other important policy areas <strong>for</strong> cohesion<br />

<strong>and</strong>/or rural development policies in particular urban <strong>and</strong> rural regeneration, terri<strong>to</strong>rial<br />

cooperation, cultural heritage <strong>and</strong> <strong>to</strong>urism.<br />

• Promote investments in the protection, promotion <strong>and</strong> development of cultural<br />

heritage 109 . Other investments could include: the development <strong>and</strong> use of new<br />

in<strong>for</strong>mation technologies (<strong>for</strong> example <strong>to</strong> promote the digitisation of cultural heritage),<br />

strengthening of entrepreneurship in CCIs, the support <strong>to</strong> urban regeneration in which<br />

the cultural component (notably cultural infrastructure) traditionally plays a key role, the<br />

development of ICT-based cultural products, applications <strong>and</strong> services, the support <strong>to</strong><br />

new business models <strong>for</strong> CCI SMEs, etc. Balance between hard<br />

(structures/infrastructures: creative hubs <strong>and</strong> clusters, networks, incuba<strong>to</strong>rs <strong>and</strong><br />

connected infrastructures) <strong>and</strong> soft (human capital addressing skills <strong>and</strong> training issues)<br />

investment should equally be encouraged.<br />

108 Innovative financial instruments <strong>for</strong> CCIs are also tested under the European Creative Industries Alliance.<br />

109 Included under the Cohesion policy as part of the thematic objective <strong>for</strong> protecting the environment. In Rural<br />

development policy, a specific action targeting cultural heritage is <strong>for</strong>eseen.<br />

91

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