Committee of the Regions: Focus on Territorial Approach 3.CoR recalls the cohesion policy measures to be used to build regional innovation systems and territorial cooperation instruments, the provision of risk capital and measures to accelerate the introduction of innovative products and encourage networking among stakeholders in business, academia and administration; 4.CoR stresses that the true challenge for the European Union, Member States and regions is to create the requisite synergies between different public and private sector funding instruments to allow the Europe 2020 strategy to be implemented, and urges stronger coordination between national, regional and local public budgets to enable regions and cities to make better use of the Structural Funds and other European Union programmes; Markku Markkula CoR & Aalto University
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