PRINT THIS PAGE Innovation policy issues in six candidate countries01/10/2002. Source: European Commission and Aide a la decision economique S.A. in association with University College, L.
The importance of innovation in the economic growth of countries has long been recognised. An important issue for the EU as new states join it is that ‘candidate countries' are able to sustain rates of economic growth. In this report commissioned by the European Commission, the ADE, SSEES and MERIT found that there are various challenges posed by the transition process to Cyprus, the Czech Republic, Estonia, Hungary, Poland and Slovenia to ensure that innovation plays a part in their economic development in the future. Compared to the EU, there are fewer innovative small firms in the six countries studied. There is also a general lack of interest on the part of venture capital firms in providing capital to them, in part due to the limited exit opportunities available. Moreover, only Poland and Hungary offer fiscal incentives to companies to undertake R&D or innovation projects. The report makes a number of recommendations to improve the situation, such as legal and regulatory reform.
© ECSC-EC-EAEC Brussels-Luxembourg, 2001
Neither the European Commission, nor any person acting on behalf of the Commission, is responsible for any use which might be made of the information in this report. The views expressed in this report are those of the authors and do not necessarily reflect the policies of the European Commission.
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For further information on innovation policy in the EU, please visit www.cordis.lu
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