Universities and institutionalization of regional innovation policy in peripheral regions : insights from the smart specialization in Portugal

Regional innovation policies are currently influenced by a series of territorial innovation models, with the regional innovation system (RIS) approach being one of the prominent examples. The rationale of smart specialization strategies (S3s) is deeply influenced by the RIS concept and highlights the importance of entrepreneurial discovery and shared governance by different types of actors. Among them, universities are seen as crucial for the success of S3 design and implementation. This article, mixing a policy debate perspective with analysis of recent quantitative and qualitative information about the Portuguese case, highlights relevant aspects for understanding the institutionalization of regional innovation and the role universities have in it as crucial knowledge brokers. The results have implications for regional innovation policies and in particular for the challenges that peripheral regions face.