News from 2015-02-25 / KfW Research
Standstill in Europe is slowing down innovation
KfW SME Innovation Report 2014
German SMEs’ innovative activity has slowed for the third consecutive year. The latest figures reveal that only 28 % of small and medium-sized enterprises are still investing in innovative products or processes. As a result, the share of innovative SMEs is currently even lower than in the years 2007–2009, which were heavily influenced by the financial crisis. The causes for this are continuing economic stagnation in Europe and increasing price competition. Sales and employment opportunities are not being exploited.
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