Irish SMEs most innovative in the EU

Irish SMEs have been ranked best in the EU for innovation in a European Commission survey.

The commission’s latest annual survey shows the EU is catching up with Japan and the US in terms of innovation but found more needs to be done for SMEs around the areas of Vat regulation, insolvency rules, intellectual property frameworks and regulatory requirement accessibility.

Irish SMEs were ranked most innovative, followed by those in Germany, Luxembourg, France and Austria.