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Innovation policies and SMEs development

Abstract

Small and medium-sized enterprises are the backbone of the European economy, states create policies to foster research. These mentioned policies changed in the time and it is possible to observe that the national policies of the European Union (EU) member states are interconnected at an EU level. In the science field, the European Union is generally moving towards a multilevel governance. The central issue of this paper is to show the systematic importance of an effective government policies and institutional interaction in the field of R&D. The article will show that a well framed policy is essential and furthermore it fosters a better cooperation between the private and public sector.

Keywords

internationalisation, EU, innovation, innovation policy

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References

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