The innovation capacity of a country is not only determined by its level of research and development, but also by its capacity to convert knowledge into new products, processes, organisational structures, which in turn generate economic growth. The innovation performance is also influenced by the socio-economic profile of the country, by the business environment, the degree of entrepreneurship, the access to finance…
Innovation performance data measure the introduction of technological and non-technological innovations on the market, or within the organisation.
An innovation is the implementation of a new or significantly improved product (good or service), or process, a new marketing method, or a new organizational method in business practices, workplace organisation or external relations.
The innovative activities of a firm can be impacted by its links with other actors in the innovation system: public research institutions, universities, competitors, suppliers, and customers.