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.




The Ministry of Higher Education, Science and Technology (MHEST) and the Ministry of the Economy (ME) have been supporting R&D and innovation activities in SMEs through co-financing R&D projects, innovative research investments, research infrastructure, participation in international research networks, and innovation vouchers. In 2009, the measure to co-finance R&D projects was redesigned in terms of its focus, conditions for application and budget. Its goal is to stimulate the investment of micro and small enterprises in R&D, new technologies, products and processes. The wider aim is to increase the technological level, value added and competitiveness of SMEs. The R&D activity can be carried out within the enterprise, or in co-operation with other enterprises and/or public R&D institutions.


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