SUPPORT OF SMES´ INNOVATION ACTIVITIES IN SLOVAK REPUBLIC

Viktória Bobáková

Summary

An important place belongs to SMEs in the process of increasing the efficiency of the economy through the introduction of innovations. Although the majority of SMEs in Slovakia does not consider innovation as a source of competitive ability, the state must create conditions for their formation. Because the most important barrier to the introduction of innovations is the lack of funding sources, it is necessary to create all conditions for improving access to finance. Currently used tools to improve access to funding sources in Slovakia do not bring the required effects. Therefore, it is necessary to make the change so that the state will support these activities permanently. Support should be focused to the wider use of tax incentives and to the promoting of the use of venture capital.

czasopismo PF nr 3-2014.pdf, p. 5