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News from 2023-07-13 / KfW Research

KfW SME Innovation Report 2022

Innovator rate fell in the second year of the COVID-19 pandemic

Innovator rate fell in the second year of the COVID-19 pandemic

The COVID-19 pandemic has left its imprint on the innovation activity of small and medium-sized enterprises. The key findings of the current report are:

  • The innovator rate in the SME sector dropped to 40%
  • At EUR 33.9 billion, innovation expenditure in 2021 remained steady from the previous year
  • The proportion of innovative enterprises grows with the size of the company
  • Easing the skilled labour shortage is key to more innovation

KfW SME Innovationsbericht 2022

Press release

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