Benefits for SMEs

The implementation of an innovation management is very beneficial to SMEs. The main benefits of the implementation are:

• Competitiveness
• Sustainability
• Acquisition of well-organised and sustainable method to manage innovation
• Ability to adapt to the current needs of the labor market
• Ability to rapidly react, adapt to changes and manage challenges
• Development of transversal collaboration and creativity skills and reduction of isolation
• Promotion of collaboration among SMEs and
• Development of initiative and entrepreneurship competences
• Acquisition of a well- informed staff

Easier communication among other SMEs, implementing an Innovation Management System, especially if based on a standard