The importance of business support institutions for implementing innovations in SMEs

Korzeniowska, Anna and Misterek, Wojciech (2012): The importance of business support institutions for implementing innovations in SMEs.

Abstract

The authors demonstrate a problem of innovation support by business support institutions (BSIs) operating in the market. The conducted research and secondary data analyses indicate that despite the availability of broad range of dedicated products, entrepreneurs prefer traditional forms of cooperation with external institutions focusing on the access to external sources of financing. The situation requires further research on the causes of such a low utilisation of BSIs’ innovation support offers and low level of engagement in generating innovations in the econ-omy by business support institutions, which were established for this purpose.

• Item Type: MPRA Paper
• Language: English
• Keywords: SME, innovation, business support institutions
• Subjects: G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; Goodwill; L - Industrial Organization > L3 - Nonprofit Organizations and Public Enterprise > L31 - Nonprofit Institutions ; NGOs ; Social Entrepreneurship

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