Skåne is a top research and technology hub. But globalisation of value chains, deficient entrepreneurship and weak SME innovation explain why these strong assets are not sufficient to significantly contribute to growth and full employment in the region. This
chapter investigates the strengths and weaknesses of Skåne's innovation strategy. Recent policy developments are found to be well in line with the new paradigm for innovation policy but the chapter argues that, in addition, there is the need to pursue a double
track regional innovation policy: supporting the role of higher education in innovation while at the same time enlarging the innovation base. The chapter continues with a look at four areas for improvement necessary for the efficient implementation of the recently adopted "smart
specialization" strategy: outcome‐driven policy, effective cluster policies, reinforcing international dimensions of innovation and putting business at the centre of the strategy. In this manner, the chapter concludes, Skåne can move from
a top "science and technology hub" towards a wealthy and inclusive "innovative region".