1. INNOVATION AND SMES IN MEDIA

2. Innovation is defined as the
commercialization of all new
combinations based on the
application of: New material sand
components; the introduction of new
processes; the opening of new
markets; and the introduction of new
organizational forms.
INNOVATION
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3. Small or Medium sized Enterprises
Small: Less than 50 employees and less
than £6.5millionturnover. Medium: Less
than 250 employees and less than
£25.9million turnover.
SMEs
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4. Innovation often starts with a tiny idea
but it can turn into something
legendry. Firms are more likely to
introduce new innovations as they have
less commitment to existing practices
and products than similar larger firms.
Small firms can be important to high-
tech sectors as creators of significant
innovations due to the niche roles in
which they often perform
IMPORTANCE OF AN SME FOR MODERN DAY INNOVATION
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5. Many small companies have great ideas,
but lack the funds to enable them to carry
out the important initial feasibility work
required to see if their ideas are workable.
INNOVATION AND SMES
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6. Future innovation and growth is derived by improving the incentives for
companies to innovate as they will continue to create life changing
products and Services.
SMEs making up 99.9% of European business, helping to keep them
going is seen as the key to innovation.
SMESWHAT’STHE INNOVATION
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Navi Mumbai-410210
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