In a business sense, innovation represents the commercialization of an invention, and, respectively, its efficient introduction to the market. From this definition it is obvious that innovative potential can be increased if we keep working on our creativity on one side and keep creating prerequisites for successful commercialization on the other. These exact prerequisites, formulated bys trategic documents and active enticing policies, makeup the framework which we call the National Innovation System (NIS). Innova-tion process consists of three key elements: i) a high quality research base (universities, research institutes), ii) appropriate and sufficient financial resources and iii) technological and business infrastructure. An agency (in Croatia, Business Innovation Center -BICRO) plays a key role within an effective NIS. This agency is connected to the State but operates indepen-dently and its people act as a catalyst of connections between all stakehol-ders. Government should have a leading role and make counter cycle de-cision in order to maintain persistent level of the investment in R&D. Great achievements in scientific and technological innovation Croatia were made during the period 2003-2009 while currently (mainly because of the econo-mic crisis) Croatia is facing a significant stagnation.
|Original language||English (US)|
|Number of pages||7|
|State||Published - May 17 2013|
All Science Journal Classification (ASJC) codes
- Biochemistry, Genetics and Molecular Biology(all)
- Agricultural and Biological Sciences(all)