Fabian Demicoli

Innobarometer 2014: Lack of financial resources hinders the commercialisation of innovations

The European Commission has published this week the
Innobarometer 2014 survey to understand the views and attitudes of EU
enterprises towards the role of public support in the commercialisation of
innovations.

The survey highlighted that the main hurdle to the
commercialisation of innovative goods or services is the lack of financial
resources.

Most
companies have not received public financial support for R&D or other
innovation activities since January 2011. Most importantly, access to finance
is still the main obstacle encountered by companies in the commercialisation of
their products or services. However, 66% of companies say that they have
introduced at least one innovation in the last three years and for 61% of
companies, innovative goods or services contributed 25% or less to annual
turnover in 2013.

 

 

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