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The Knowledge-Sharing Platform

07 Nov 2017

Commission awards Paris as most innovative European city in 2017

On 7 November 2017, the European Commission awarded the 2017 European Capital of Innovation (iCapital) prize of € 1,000,000 to Paris (France).
The iCapital award, granted under Horizon 2020, recognises Paris for its inclusive innovation strategy. Tallinn (Estonia) and Tel Aviv (Israel) were selected as runners-up, and were both awarded € 100,000. The prize money will be used to scale up and further expand the cities' innovation efforts.
Over the last decade, Paris has built more than 100,000 square meters of incubators, and now hosts the world's largest start-up campus. In addition, the city spends 5% of its budget on projects proposed and implemented by citizens. Thanks to this strategy, citizens and innovators from the private, non-profit and academic sectors have made Paris become a true FabCity.

Carlos Moedas, Commissioner for Research, Science and Innovation, announced the results at the Web Summit in Lisbon. He said: "Cities are not defined by their size and population, but by the breadth of their vision and the power bestowed upon their citizens. Some cities are not afraid to experiment. They are not afraid to involve their citizens in developing and testing out new ideas. These are the cities that empower their citizens. Today we are here to acknowledge these cities."

Tallinn has been awarded for its initiative to act as a testing ground for potential breakthrough technologies. Tel Aviv has set up a Smart City Urban Lab that links up innovative start-ups with leading technology companies in order to facilitate breakthrough innovations for solving urban challenges.

The European Capital of Innovation Award


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