With the European Capital of Innovation Award, the European Commission wants to acknowledge the outstanding achievement of a city in building up an innovation ecosystem, i.e. a system which links the citizens (People) with a built environment (Place) and public organizations and policy-makers (Public) through business (Private).
The contest is open until 3 December 2013.
The award of EUR 500 000 will be given to the winning city to scale up its achievement.
An independent panel of experts will judge the applications on the basis of the following criteria:
- Innovative - Initiatives must be highly innovative in terms of concepts, processes and tools.
- Inspiring - Proposals should manage to attract talent, funding, investment and inspire citizens' involvement and engagement.
- Integrated - The proposal should target the entire innovation ecosystem and has to clearly highlight its links with the Europe 2020 goals.
- Interactive - The implemented action and the proposed scale-up should help facilitating the interactions between the different actors in the innovation ecosystem.
The experts will examine and select the iCapital which will be announced in spring 2014.