The European Commission has awarded the European Capital of Innovation (iCapital) award 2016 to Amsterdam. The results were announced at an award ceremony in the European Committee of the Regions.
Amsterdam was chosen by a panel of independent experts in a close competition with eight more finalists. Amsterdam's prize of €950,000 will be used to scale up and expand the city's efforts on innovation. Two more cities, Turin and Paris, were selected as runners-up, and will receive prizes of €100,000 and €50,000 respectively.
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Amsterdam is the European Capital of Innovation 2016