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Modern and innovative economy

Piece of a puzzle, representing the element of the strategy “modern and innovative economy”

(© SMWA)

Investments in research and development play a significant role for Saxony, but alone they are not a guarantee for economic success. The implementation of new ideas is a complex, technical and economic task. The path to market maturity can be very long at times. Companies have a number of obstacles to overcome along this path. These include, in particular

  • high investment costs and high economic risk,
  • organisational problems and a lack of innovation management,
  • bureaucracy,
  • lack of specialists.

Therefore with the innovation strategy, all of phases of the innovation process are taken into consideration. Measures for reinforcing the innovation capability of Saxon companies are defined. New ideas are combined with tried and tested ones: New measures, e.g. for improving the operational innovation management will be implemented. Successful instruments will be continued. Simplifying bureaucracy and strengthening the risk capital environment will pave the way for innovation.

Marginalspalte

Portion of the economic sectors in the gross value

Share of companies with product innovations in all companies with turnover (Saxony, East Germany and West Germany, 2007 - 2011)Icon zoom in

Source: IAB (2012): Wellen 2008 bis 2012

Share of companies with product innovations in all companies with turnover (Saxony, East Germany and West Germany, 2007 - 2011)

Share of companies with process innovations in all companies with turnover (Saxony, East Germany and West Germany, 2007 - 2011)Icon zoom in

Source: IAB (2012): Wellen 2008 bis 2012

Share of companies with process innovations in all companies with turnover (Saxony, East Germany and West Germany, 2007 - 2011)

Supported by

EFRE-ESF-logo

Source: SMWA

© Institution