The objective of this study was to describe the level of innovation in urban revitalization projects in the Region of Warmia and Mazury and to determine whether urban renewal projects foster a supportive climate for business innovation in the region. Most revitalization programs rely on the following innovative solutions: new sources of financing, creativity of the operator supervising the revitalization process, novel methods for soliciting the local community's support for urban renewal projects, and the establishment of technology parks that foster business innovation. Revitalization projects stimulate innovation among local entrepreneurs and residents, they promote urban development based on a local innovation system, knowledge and social capital, and encourage the implementation of the smart city model where innovations are diffused from a revitalized area to other parts of the city.