INNOMSME project to promote innovation in SMEs under way

NNOMSME aims to promote SME innovation in Greece and Germany through the collection, analysis and exploitation of business data.

Both in Europe and in the OECD Member States there is growing concern about the decline in business productivity in developed economies. This slowdown has a negative impact on income generation, wealth and social stability.

Economic growth is giving way to a new phenomenon: while the productivity of global businesses remains robust, the gap between them and other businesses is constantly increasing. According to the OECD, this is due, inter alia, to obstacles to the diffusion of knowledge. An ever-increasing share of businesses does not have the ability to innovate or the ability to convert innovation into marketable products. Very small, small and medium-sized enterprises are more vulnerable to such problems.

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