This report attempts to create a foundation for understanding the added value of smart specialisation in the Nordic context. It focuses on the cohesiveness and complementarity between the different tiers of government, paying particular attention to the dialogue between the national and regional levels to identify factors that enable or impede the implementation of smart specialisation. The report also addresses the role of smart specialisation in realising the green economy and looks at regional commonalities in the pursuit of identifying a Nordic model of smart specialisation.