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.

“These countries are characterised by high shares of SMEs involved in innovation activities; they introduce more innovative products and generate more new jobs in fast-growing young companies,” the commission said.

SME commissioner El?zbieta Bie´nkowska said her aim is to make Europe a place “where innovative SMEs and start-ups flourish and scale-up within the single market,” adding that “a concerted effort” is required for this to happen.

The good news for Ireland came a day after an Isme survey showed Irish SMEs are more dissatisfied with government support.

However, the commission’s survey said the EU’s innovation performance is expected to improve over the next two years with businesses in Ireland, along with Romania and Malta, being the most likely to increase their investment in innovation next year.

A balance of public and private investment, a strong research and education base and effective partnerships between companies and academia are key to a country’s innovation status, said the commission.


Even in the drug-filled, debauched annals of the rock and roll memoir, Mark Lanegan's Sing Backwards And Weep stands out.Mark Lanegan: Drugs, Liam Gallagher and me

Donal Dineen was the man who first brought David Gray and many other emerging artists to our ears. He’s had a lower profile in recent years, but has returned with a new podcast, writes Eoghan O’SullivanDonal Dineen: Pushing the buttons on a new podcast

Is there are science to back up some of the folklore we have grown up with?Appliance of Science: If a cow sits down does that mean it will rain?

This time last year Whiddy Island in West Cork was bustling with people who had caught the ferry for the short trip from Bantry to ramble the island’s boreens as part of the Bantry Walking Festival. Not so this year.Islands of Ireland: Whiddy in the same boat

More From The Irish Examiner