Reengineering of Regional Development Strategies for the Construction of a Smart Specialization Framework in the EU Lagging Regions Cosmin Tomozei Faculty of Science, Department of Mathematics and Computer Science Vasile Alecsandri University of Bacău, Romania [email protected] Iulian Furdu Faculty of Science, Department of Mathematics and Computer Science, Vasile Alecsandri University of Bacău, Romania [email protected] Abstract: The involvement of research and development in society and in the creation of smart communities and smart societies has significantly amplified in the last years, leading to the adoption of concepts such as Information Society, Knowledge Bases Society, Smart specializations. The transformation of traditional industries with regards to Industry 4.0 presumes that a process of reengineering should be applied for the adoption of digital technologies and for the inclusion creative practices. One manner of sustaining the transformation process would require that the private sector by its subsequent domains of business should get a continuous support from R&D institutions. Another manner supposes that the member states should offer financial incentives for the implementation of the change of the business model through reengineering. By this paper, we intend to adapt the software reengineering conceptual basis for the contribution to a new policy which aims at the development of the EU lagging regions. Keywords: reengineering, industry 4.0, smart specializations, entrepreneurial discovery, cooperation. 1. Introduction 2. How triple, quadruple and quintuple helixes concepts affect the process of reengineering towards smart specialization transition of the EU lagging regions 3. Changes for innovation imply the process of reengineering 4. Start-ups and spin-offs creation government programs for smart specialization-based industries 5. Conclusions 6. References  K. Borsekova, A. Vanova, K.Vitalisova “The Power of Communities in Smart Urban Development”, Procedia - Social and Behavioral Sciences, Vol. 223, ISSN 1877-0428, pp. 51-57, 2016.  R. Agarwal, M. H. Chowdhury, S. K. Paul “The Future of Manufacturing Global Value Chains, Smart Specialization and Flexibility!”, Global Journal of Flexible Systems Management, Vol. 19, ISSN 0972-2696 Supplement, pp. 1-2, 2018.  G. Jucevičius, K. Grumadaitė “Smart development of innovation ecosystem”, Procedia - Social and Behavioral Sciences, Vol. 156, ISSN 1877-0428, pp. 125-129, 2014.  S. Radosevic. , K. Ciampi Stancova “Internationalising Smart Specialisation: Assessment and Issues in the Case of EU New Member States”, Journal of the Knowledge Economy, Vol. 9, No.1, ISSN 1868-7865, pp. 263–293, 2018.  E. G. Carayannis, R. Rakhmatullin “The Quadruple/Quintuple Innovation Helixes and Smart Specialisation Strategies for Sustainable and Inclusive Growth in Europe and Beyond”, Journal of the Knowledge Economy , Vol.5, No. 2, ISSN 1868-7865, pp 212–239, 2014.  D. Martinez-Lopez,·M. Palazuelos-Martinez “ Breaking with the Past in Smart Specialisation: A New Model of Selection of Business Stakeholders within the Entrepreneurial Process of Discovery”, Journal of the Knowledge Economy, Vol. 15, No. 2, ISSN 1868-7865, pp. 212-239, 2014.  K. Frajtak, M. Bures, Ivan Jelinek “Exploratory testing supported by automated reengineering of model of the system under test”, Cluster Computing, Vol. 20, No. 1, ISSN 1386-7857, pp 855–865, 2017.  E. Kopczynska, J. Ferreira “Smart Specialization as a New Strategic Framework: Innovative and Competitive Capacity in European Context”, Journal of the Knowledge Economy, pp. 1-28, 2018.  P. McCann, R. Ortega-Argiles “Smart specialisation, entrepreneurship and SMEs: issues and challenges for a results-oriented EU regional policy”, Small Business Economics, Vol. 46, No. 4, ISSN 0921-898X, pp. 537 – 552, 2016.  E. G. Carayannis, D. Meissner, A. Edelkina “Targeted innovation policy and practice intelligence (TIP2E): concepts and implications for theory, policy and practice”, The Journal of Technology Transfer, Vol. 42, No. 3, ISSN 0892-9912 , pp 460–484, 2017.  R. Jucevičius, A. Galbuogienė “Smart specialization: towards the potential application of the concept for the local development”, Procedia - Social and Behavioral Sciences, Vol. 156, ISSN1877-0428, pp. 141-145, 2014.