SMEs, Entrepreneurship and Innovation

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Small firms are playing an ever-increasing role in innovation, driven by changes in technologies and markets. Some spin-offs and high growth firms are having remarkable success. However, the broad bulk of small firms are not capitalising on their advantages. This book explores how government policy can boost innovation by improving the environment for entrepreneurship and small firm development and increasing the innovative capacities of enterprises. Policy findings and recommendations are presented in three key areas: embedding firms in knowledge flows; developing entrepreneurship skills; and social entrepreneurship.  In addition, country notes present statistics and policy data on SMEs, entrepreneurship and innovation for 40 economies, including OECD countries, Brazil, China, Estonia, Indonesia, Israel, the Russian Federation, Slovenia and South Africa.

SMEs, Entrepreneurship and Innovation is part of the OECD Innovation Strategy, a comprehensive policy strategy to harness innovation for stronger and more sustainable growth and development, and to address the key global challenges of the 21st century.



With the Danish Globalisation Strategy, the Danish government has created a comprehensive framework that sets out to strengthen Danish competitiveness. The Strategy, which became operative in 2006, contains 350 specific initiatives that introduce reforms in key areas such as education and training, innovation, research and entrepreneurship. For 2010 the funds allocated to initiatives in the Strategy exceeds DKK 8.5 billion. Among other things, the Strategy aims at making substantial improvements in the framework conditions for growth and innovation in new and existing enterprises. The Regional Centres of Growth and Programme for User-driven Innovation are two of the Strategy’s initiatives.


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