The paper deals with the problem of business spending on research and development and their relation to innovation … activities. It is focused on R&D in the business sector as a crucial part of the innovation system. R&D expenditure can be seen … as the main precondition of successful innovation. However, the successful transformation of R&D investment into …

Science and technology is seen as the key factor supporting the performance of regional innovation systems. Furthermore …, the innovation intensity in the region could be often crucial for regional economic development. Our research aims to …

Hall point it, as an important instrument for creating a strategy for the development of innovation at the state and … need for countries and regions to specialize as well as focus development of innovation in areas that are consistent with …

, development and innovation. Smart specialization is an important instrument for creating a strategy for the development of … innovation at the state and regional level as well as for defining and building the knowledge-based economy. This paper presents … specialization is helping to focus development of innovation in areas consistent with their endogenous potentials. The aims of the …