Smart Specialization a Possible Solution to the New Global Challenges

Smart specialization is a new concept that has been actively promoted as a tool for the strategy Europe 2020. It is a key solution for avoiding dissipation of the EU research funds and for focusing the research, innovation, human and financial resources on those innovative sectors which are high performing, strategic from a socio-economical perspective, eco-friendly and attractive for investors. Given the novelty and complexity of this concept consideration should be given to the concept clarification, for the use of policy makers and for its effective implementation in the wood processing industry with its R&D and innovation background and economic context.