Effectiveness of technology audit as support tool for innovative SMEs

Abstract

External expert support reinforces SMEs capabilities in their efforts towards successful commercialization of their innovation. This research explores the influence of technology audit expert service on innovation performance of SMEs. Technology audit is a process which is designed to establish a baseline for technology and identify new products and systems that will contribute to company development. It aims to improve the adequacy and validity of the technology level of a company. During the research which was made in innovative SMEs significant positive relationship was found between technology audit used and the different indicators of the innovation performance which confirms the high impact of the technology audit methodology on the innovation performance of analyzed organizations.