Commission awards Paris the 2017 European Capital of Innovation prize

Further information:

Paris has built for over a decade more than 100 000 square meters of incubators, hosting the world's largest start-up campus to date. In addition, the city spends 5% of its budget on projects proposed and implemented by citizens. The award is worth €1 million, aimed at scaling up and further expanding the cities' innovation efforts.

Tallinn and Tel Aviv were selected as runners-up, and were both awarded €100,000. The prizes were announced during the 2017 Web Summit.

Background information:

The iCapital award has been granted since 2014 under the European Union's research and innovation programme Horizon 2020.

The European Commission awarded the 2017 European Capital of Innovation (iCapital) prize to Paris, recognising its inclusive innovation strategy.

European Commission: DG Research and Innovation: Horizon Magazine, 07.11.17: Paris is named the 2017 innovation capital of Europe: https://horizon-magazine.eu/article/paris-named-2017-innovation-capital-europe_en.html

The Local.fr, 24.10.16: How Paris is rapidly becoming Europe's 'City of Innovation' https://www.thelocal.fr/20161024/how-paris-start-ups-is-rapidly-becoming-the-city-of-innovation

La Tribune, 07.11.17: Paris désignée capitale européenne de l'innovation 2017 http://www.latribune.fr/economie/france/paris-designee-capitale-europeenne-de-l-innovation-2017-757025.html

---