Precipitating Innovations by Academia and Industry Feedback

Developments of technologies play an important role in success and competitiveness of firms. This can be assured by means of innovation, which improves quality of products and services, expends the markets and attracts customers. This paper outlines factors having direct impact on enterprise innovativeness. Referencing to classical approaches we show some limitations and negligence of the widely accepted innovation indicators used in various statistics. In most considered models of innovation the role of academia is underestimated. We deal with this problem in the paper and claim the need of creating innovation feedback between academia and industry. The presented considerations are related to our experience in cooperation with industry.