Abstract
Research background: The presented paper deals with the support of innovative activities of small and medium enterprises in the Slovak Republic. The topicality of the issue is based on the knowledge that small and medium-sized enterprises can respond quickly and effectively to customer requirements and thus to changes resulting from changes in the market. In the era of globalization, the knowledge economy based on three key factors prevails in developed countries - science and research, the quality of human capital and innovative entrepreneurship, which focuses on creating the conditions for the practical use of knowledge, for projecting it into innovation. The aim of the paper is based on theoretical knowledge, analysis of support for innovative activities of small and medium enterprises by the state in the conditions of the Slovak Republic, their readiness to invest in research and development to propose a streamlining support scheme for small and medium enterprises. Purpose of the article: The determinant of the future sustainable prosperity of the Slovak Republic, as a small open economy, must be the ability of the economy to respond flexibly to global changes and demand. Methods: The article we used the method of synthesis, the method of abstraction, the method of generalization, the method of description, explanation. Findings & Value added: The output of the dissertation is an evaluation of the overall state of current support for innovative activities in small and medium-sized enterprises and a proposal for a possible streamlining of this support from the aspect of entrepreneurs themselves.
Highlights
Small and medium-sized enterprises are an integral part of the Slovak economy with a share of approximately three-fifths in gross domestic product
The research focused on the innovative activity of companies, the use of information technology in business and the role of design in increasing the competitiveness of small and mediumsized enterprises
There are other forms of activities that are focused on the self-development of companies, those that are most clearly identifiable from the outside and through which small and medium-sized enterprises increase their competitiveness, such as. technological innovations, product or service innovations
Summary
Small and medium-sized enterprises are an integral part of the Slovak economy with a share of approximately three-fifths in gross domestic product. They are given key importance as a source of ideas, new products and, above all, job opportunities. Due to the high competition in the European market, our small and medium-sized enterprises must dynamically meet the ever-increasing demands of customers for goods and services. The research focused on the innovative activity of companies, the use of information technology in business and the role of design in increasing the competitiveness of small and mediumsized enterprises. The National Agency for the Development of Small and Medium-sized Enterprises (NADSME) is established to support the development and growth of small and mediumsized enterprises in the Slovak Republic. One of its objectives is to improve the business environment, in particular by removing administrative and legislative barriers to free enterprise, which is a nationwide form of aid that does not discriminate but favor specific undertakings and does not distort competition
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