Due to increasing population among other causes contemporary Urban Areas face many challenges in questions of livability, sustainability and citizen needs. A concept that is interested in handling these challenges is that of the Resilient Smart City (RSC). This literature review strives to answer the question what exactly the Resilient Smart City concept is and how it can be valuable by researching literature on Smart Cities, Resilient Cities and related subjects. Furthermore it researches how the concept is related to Business Opportunities and how Business Opportunities are discovered and created in general. Together these aspects lead to a theory on how Business Opportunities could be grasped through the RSC concept, serving both the goals of potential RSC service providers, grasping Business Opportunities, and that of Municipalities and Citizens, livable, sustainable, empowering and highly competitive and self-‐reliant Urban Areas. Conclusions include that a Resilient Smart City is a city that empowers its citizens to help it develop Efficiently and Sustainably, through Resiliency solutions and that Business Opportunities can be grasped through Business Model Innovation.