Knowledge economy represents both a new opportunity to be seized by the insular regions and a threat in terms of risk of a widening gap with respect to the more developed regions in Europe. For this reason, it can be argued that a first challenge that insular regions are facing is the development of a coherent strategy for building and sustaining a knowledge-based economy and society building on their regional distinctiveness.

IN.TRACK will promote the formulation of knowledge-based regional policies, ensuring the support of local actors and stakeholders.

The development of the Knowledge Economy in itself is a means for achieving various goals and opportunities: improved regional competitiveness, enhanced job prospects and job security, greater social cohesion, better quality of life. Eventually, IN.TRACK will develop a blueprint that will be adopted by the 4 insular regions (Canary Islands, Madeira, Crete and Sicily)  to seize the opportunities and the goals offered by the fast-changing knowledge-driven world.