Are Small and Medium Enterprises the Overlooked Engines of Innovation?

By • on November 6, 2022

The Forbes website reported that SMEs are frequent participants in open innovation partnerships with a range of stakeholders. Research from the European Commission highlights that this process can be improved with effective support, however. The study identified four key challenges that prevent SMEs from being effective innovators: A lack of strategic thinking; SMEs struggle with soft intellectual property; Negotiation skills are lacking, and Asymmetries exist between partners.

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