Needs and measures for innovations of SMEs in the Baltic Sea Region

Abstract

Small and medium sized enterprises (SMEs) are the growth drivers of EU economy. In the Baltic Sea Region 99 % of all companies are considered SMEs and thus the backbone of the economy. To stay competitive versus low labour cost countries, the regional enterprises must create products and services of high quality and exploit their full innovation potential. To identify the exact needs, a survey has been conducted in 11 countries around the Baltic Sea Region in 2010. The paper will present the results and highlight first measures developed by Business Organisations and Universities in order to support the innovation in companies. The paper will show short-term solutions as well as long-term measures in the qualification and educational sector. A special emphasis will be put on SME specific dual study courses.