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 …

classes across all sectors and all EU member states, the authors identify different innovation profiles based on a firm’s R …&D investment and/or innovation activities. Basic firms - i.e. firms that do not engage in any type of R&D or innovation - are more … market. To further explore why young SMEs are not more active in innovation, the authors explore their access to finance. It …

they matter. We first characterize YICs in the sample of innovation active firms. We show that firms that combine newness … financial constraints, both internal and external, as an important factor hampering their innovation activities, significantly … more so than other innovation active firms. This access to finance problem is an often used motive for government …