Innovation, Competitiveness, Growth and Tradition in SMEs
Rencontres de St-Gall edition:30 location:St-Gallen (CH) date:1-3 September 2008
Innovation is an essential element of economic growth and development. Entrepreneurs play a crucial role. Innovation can be initiated by the entrepreneur and tested in the market but in more and more cases the entrepreneur will develop innovations in response to market opportunities. In policy it is very important to support innovation. In Belgium the national and regional policy makers can follow an active support policy but they have to respect the rules of fair competition and the integrated market as set out by the European Union. For policy reasons it is important to develop indicators of innovation that enable to measure and evaluate the impact of policy.