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European SME's

EIB Working Papers 2018/07 - Young SMEs: Driving Innovation in Europe?

Date of Editorial Board meeting: 
Publication date: 
Friday, September 21, 2018
Abstract in English: 
Using large scale EIB Investment Survey evidence for 2016 covering 8,900 non-financial firms from all size and age classes across all sectors and all EU Member States, we identify different innovation profiles based on a firm’s R&D investment and/or innovation activities. We find that “basic” firms – i.e. firms that do not engage in any type of R&D or innovation – are more common among young SMEs, while innovators –i.e. firms that do R&D and introduce new products, processes or services- are more often old and large firms. This hold particularly for “leading innovators”, ie those introducing innovations new to the market. To further explore why young SMEs are not more active in innovation, we explore their access to finance. We confirm that young small leading innovators are the most likely to be credit constrained. Grants seem to at least partly addressing the external financing access problem for leading innovators, but not for young SMEs.
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Number of pages: 
26
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Into the Clouds: European SMEs and the Digital Age

Date of Editorial Board meeting: 
Publication date: 
Tuesday, October 11, 2016
Abstract in English: 
Cloud computing, which relies on automatically available services, including storage, that can be shared among devices, is considered crucial to the digital transformation of industry and the economy. But fundamental questions remain on the role of cloud computing in Europe and the best strategies for fostering the conditions necessary for a barrier-free transatlantic digital economy. Is cloud computing being used to its optimum advantage across Europe, and how does that usage differ from country to country? What are the motivations behind cloud adoption—or behind the failure to adopt? And finally, what effect does the adoption of new forms of digital technology have on small and medium enterprises (SMEs)? Into the Clouds: European SMEs and the Digital Age, authored by Tyson Barker, addresses these and other questions.
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22
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