On 22 October 2027, the European Commission announced the finalists of the 2027 European Capital of Innovation Awards (iCapital), celebrating the European cities that are leading the way in urban innovation and shaping more sustainable, inclusive and resilient communities.
In the European Rising Innovative City category, the finalists competing for recognition are, in alphabetical order: Oulu (FI), Regensburg (DE), Taranto (IT). These cities demonstrate how emerging innovation ecosystems can drive local transformation, strengthen community engagement and develop new solutions to societal challenges.
In the European Capital of Innovation category, the finalists are, in alphabetical order: Madrid (ES), Montpellier (FR), Valencia (ES). Through their commitment to experimentation, sustainable development and inclusive innovation, these cities are setting ambitious examples for urban transformation across Europe.
The 2027 iCapital Awards Ceremony will take place on 3 December 2026, during the event “From local to Europe, Innovation for Good” organised by Grenoble-Alpes-Métropole, current European Capital of Innovation.
Register here to join the event.
The European Capital of Innovation winner will receive a €1 million prize, while the two runners-up will each receive €100 000. In the European Rising Innovative City category, the winner will receive €500 000, with €50 000 awarded to each of the two runners-up.
Beyond the financial rewards, all six finalists will be invited to join the iCapital alumni network, providing opportunities to exchange knowledge, share best practices and foster collaboration among Europe’s leading urban innovation ecosystems.
Supported by the European Innovation Council (EIC) under Horizon Europe, the iCapital prize recognises cities that harness innovation to address urban challenges, improve citizens’ quality of life and create new opportunities for sustainable growth.
More information
