Building the SMEs' regional innovation networks in China

Abstract

R&D globalization represented by technological outsourcing adopted by transnational corporations has presented the SMEs the opportunity to utilize external resources and participate in technological cooperation. However, facing the globalized competition, the SMEs' disadvantages in capital, scale and policy and the increasing complicatedness in technological R&D have made it extremely difficult for any individual enterprise to undertake the task of the whole-process technological innovation which requires extensive cooperation. This paper concludes relevant results from researches into regional innovation networks in recent years and analyzes the operating models, innovation chains, and operating functions of the SMEs' regional innovation networks which can bring into full play the cooperative function of various resources and elements, realize the comprehensive integration of advantages, lower the innovative costs, shorten the period of innovation, and improve the efficiency of innovation. On this basis, this paper introduces the building of the SMEs' regional innovation networks and maintains that innovation networks accelerate the SMEs' study from and exchanges between various organizations, agencies, markets, and other enterprises to improve the innovative ability and performance.