Micro-foundations of Innovations. Survey of Innovative Companies

This cross-country report provides great insights into the current situation of the firm-level innovation at the level of the whole Adriatic Region. Report data are of the descriptive nature and hence they carry valuable information for understanding firm-level innovation in the region. Platform for trans-Academic Cooperation in Innovation -PACINNO project enabled such insights in detailed and comprehensive manner. The aim of this report it to serve as a base for preparation of innovation related policy proposals, as well as a valuable insight for various stakeholders. Report contains information about the product (goods or services) innovation and the extent to which firms use innovation as a driver for revenue and growth. Innovativeness of firms was measured as well as the innovativeness of processes within the firm. We then outline what are the most important factors that hamper the innovation activities and that are the reason why not to innovate. They differ across countries but they are mostly related to costs and knowledge issues. In addition, the extent of R&D was explored and the way of firms’ spending on research and development. Different sources of innovation (internal, market, institutes, and other) and their relevance for the Region as well as for each country are then presented in the report. Additionally, the extent of cooperation between firms and their potential partners from the own country/region and from other countries of the Adriatic Region and beyond is shown. Besides, the organizational innovation, process (administrative/marketing) innovation, social innovation and market orientation of firms was measured. Finally, we show the performance indicators of firms as well as their descriptive data. In the first chapter, we describe research aims and research background leaning on the various reports and scientific papers. This serves as a context in which we conceptualized and conducted this research and interpreted the data placed before the reader of this report. Second chapter describes methodology of the research as well as the sampling process. Also, this chapter serves as an insight into country specific descriptive statistics for all participant countries. Thrid chapter is dedicated to results regarding internationalization, product innovation, process innovation, factors that are hampering innovation, research and development, sources of innovation, organizational and marketing innovation, social innovation and in the end, performance.