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Paris is the European Capital of Innovation - iCapital

#Startup #Open Innovation

The European Commission awarded the 2017 European Capital of Innovation (iCapital) prize of €1,000,000 to Paris.

Paris capital of innovation for 2017


The award, granted under the EU's research and innovation programme Horizon 2020, recognises Paris for its inclusive innovation strategy. Tel Aviv and Tallinn were selected as runners-up, and were both awarded €100,000.

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."

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