Abstract
The aim of the paper is to disclose the importance of social innovation and generalize innovation promotion policy in the European Union, assessing the actual situation in Lithuania. The need for social innovation is inevitable as different social problems touch modern society. Business, governments, non-governmental organizations have distinct roles and encourage social innovation in different ways, but political will and financial possibilities can lead to great changes. The policy of promoting innovation in Lithuania is in line with the provisions of EU documents, however, in the general innovation system context, little attention is paid to social innovation. Following the evaluation of Lithuania’s performance of the research and innovation system, it has been determined that the indicators which were evaluated as weaknesses are primarily related to social problems.
Highlights
Social innovation creates social value and can be realized by blending all stakeholders’ efforts and funds, creating more quality and value
Evaluation of innovative activities in Lithuania European Innovation Scoreboard 2017, presented by the EC, shows that Sweden remains the European Union (EU) innovation leader, while Lithuania is ranked among the average innovators, but it is the fastest growing innovator
Relative strengths of the innovation system in Lithuania were in Human resources, Innovation-friendly environment and Linkages
Summary
Social innovation creates social value and can be realized by blending all stakeholders’ efforts and funds, creating more quality and value. Demand for innovative products is endless, and usually some needs remain dissatisfied, but social innovation helps to solve social problems and seek higher quality of life. Innovation activities in EU are stimulated by creating a favourable environment for the development of national research and innovation systems of EU states. The policy of EU innovation is oriented from “innovation supply” to “demand for innovation”, emphasizing the importance of innovation in the public sector. Lithuania since 2015 has been carrying out Smart Specialization Strategy, there is a large amount of programs, strategies, and legal acts, this does not guarantee the efficiency of innovation activity. Lithuania is one of the fastest growing innovators, but analyzing the separate fields, a number of problematic spheres have been identified, especially in assessing social progress of Lithuania
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