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Innovation during the coronavirus crisis: necessity is the mother of invention

News from 2020-07-13 / KfW Research

Many SMEs are reacting to the coronavirus crisis with innovations. 27% have already introduced process, product or business model innovations. If we include the companies who are still planning to do this, the share rises to 43%. This includes businesses who have suffered heavy losses in turnover in particular. The innovations tend to represent measures that can be adopted on an ad hoc basis rather than result from more long-term development processes.

Innovation during the coronavirus crisis: necessity is the mother of invention  (PDF, 181 KB, non-accessible)

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Economic Research

Economic Research

Economic development in Germany and around the world, studies on topics relevant to society such as environmental and climate protection, demography, globalisation, innovation and sustainability, impact of KfW promotional programmes.

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