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Knowledge and Innovation

Globalization and technological changes are profoundly altering the relative importance of competitive factors. The key question is no longer invention, but above all innovation. Innovation doesn’t mean creating something new. Instead it means developing something that responds to (or even generates) a new need - whether a product, service or process, that thereby begins to occupy an important place within a specific system (e.g. a territory).

 

It is precisely in relation to this point that public bodies, such as Lisboa Municipal Council, may play a decisive role, through the creation of processes and structures that stimulate the business potential of the city and foster articulation between areas within the city in which, through its current and potential stakeholders, it may assume a strong competitive position.

 

Lisboa has major potential in various areas. The city’s long history, proximity to the river, receptivity to change, mild climate and hospitable local people, amongst many other factors, establishes Lisboa as a strong pole attraction for many people and institutions.

Lisboa’s cosmopolitan and multicultural environment offers characteristics that are highly beneficial for the development of a Creative Economy in the city, also stimulating the tourism sector. The river and the proximity to the sea are also factors that contribute not only to stimulation of a maritime economy in Lisboa, but also attracts many aquatic events and activities. A wide diversity of tourists visit the city, given its specificities - that attract visitors from different backgrounds and socio-economic segments. One of the areas with expanding tourism potential is health tourism - not only due to current demographic trends, but also due to the relevance of the health and well-being industry in Lisboa. The health sector is gaining increasing relevance in Lisboa, as a result of the city’s major receptivity to technological innovation and the Information and Communication Technologies (ICT's) and the city’s highly qualified and competitive labour force.