The European Commission announced the six cities - candidates to be an in innovative capital of Europe (iCapital), selected from 58 candidates. They are Barcelona (Spain), Malaga (Spain), Espoo (Finland), Grenoble (France), Groningen (Netherlands) and Paris (France).
The winner will get € 500 000, which will go on "innovation ecosystem creation" to unify citizens, organizations, universities and businesses.
City winner will be announced at the Innovation Convention 2014 to be held in Brussels on 10 and 11 March 2014.
The initiators of the competition were the Ministry of Economy and Competitiveness and the European Commission. Initiative due to the fact that 68% of the EU population lives in cities. These are the people who will continue to promote innovation in Europe.