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Who Drives Smart Growth? The Contribution of Small and Young Firms to Inventions in Sustainable Technologies. WWWforEurope Working Paper No. 47

Author

Listed:
  • Birgit Aschhoff
  • Georg Licht
  • Paula Schliessler

    (Centre for European Economic Research)

Abstract

Europe's innovation potential is currently dominated by well-established large companies. In most member countries the bulk of R&D expenditures is spent by large companies. The figures point to a considerable heterogeneity with regard to the importance of SMEs in national R&D activities. However, young companies are said to be the driving force behind radical innovation which will be a source of employment and growth in future. In addition, the weakness of Europe is not only the small number of high-tech start-ups but more specifically the small number of high-tech start-ups which accomplish continuing, rapid growth. The central question of the paper is whether SMEs and young firms might be agents with a special contribution to new growth path in Europe.

Suggested Citation

  • Birgit Aschhoff & Georg Licht & Paula Schliessler, 2013. "Who Drives Smart Growth? The Contribution of Small and Young Firms to Inventions in Sustainable Technologies. WWWforEurope Working Paper No. 47," WIFO Studies, WIFO, number 47072, January.
    • Handle: RePEc:wfo:wstudy:47072
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    References listed on IDEAS

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    Cited by:

    1. Karl Aiginger & Kurt Kratena & Margit Schratzenstaller-Altzinger & Teresa Weiss, 2014. "Moving Towards a New Growth Model. WWWforEurope Deliverable No. 3," WIFO Studies, WIFO, number 47247, January.
    2. David Bailey & Lisa de Propris & Jürgen Janger, 2015. "Industrial and Innovation Policy as Drivers of Change. WWWforEurope Deliverable No. 9," WIFO Studies, WIFO, number 58412, January.
    3. Georg Licht & Bettina Peters & Christian Köhler & Franz Schwiebacher, 2014. "The Potential Contribution of Innovation Systems to Socio-Ecological Transition. WWWforEurope Deliverable No. 4," WIFO Studies, WIFO, number 47502, January.

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