The European Commission has today started the search for the first European Capital of Innovation, or iCapital. The prize will reward the city which is building the best “innovation ecosystem”, connecting citizens, public organisations, academia, and business. Given that 68% of the EU population now lives in urban areas, it is these areas that will contribute the most to making Europe more innovative. Cities foster innovation in their own provision of services, but the key is to create the right environment for others to innovate and to allow the public and private spheres to connect. An independent panel of experts will select the winner in spring 2014, with the city chosen receiving €500000 towards scaling up its efforts. The deadline for applications is 3 December 2013.
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To read the original article: European Commission seeks "Capital of Innovation" | Invest in EU
