In a snapshot, smart specialisation is a methodology developed by the European Union and adapted by the Latrobe Valley Authority to better understand exactly what assets the Gippsland region could build upon via shared visioning and strategic development, to secure long-term social and economic benefits. They partnered with the Gippsland Climate Change Network in 2020 to refine and manage inquiry tasks, innovation networks, and facilitate broader uptake of this model.
For success we believe we need to work on four integrated actions:
- To enable collaborative networks with shared intent through multi-level governance and leadership
- Identify and advance areas of competitive advantage
- Partner to develop knowledge and skills that align with regional strengthens
- Facilitate the development and activation of people, places, and spaces
The GS3 purpose is to be a catalyst for place-based transition, transformation and long-term sustainable prosperity.
The model is designed to work in addition to business-as-usual opportunities with the aim of producing robust and tested social and economic business cases by including community, government, education, and industry representatives from discovery, to scoping, through to the delivery innovation opportunity.