The document discusses the importance of creative cities and industries for the development of smart cities. It proposes the Creative Ring, which would connect creative hubs across Europe to foster collaboration. The Creative Ring would provide communities, tools, spaces, and opportunities for co-creation to support creative industries through advanced apps, repositories, ultra-high speed internet connections, and state-of-the-art technology. The goal is to address structural problems creative sectors face regarding business models and scalability through the Creative Ring initiative as part of the Future Internet Public-Private Partnership's Phase 3.