Impact of the Business Environment on Development of Innovation in Slovak Republic

One of the reasons for low competitiveness of the Slovak Republic is its insufficient innovation performance, which is in the European Union expressed by Summary Innovation Index. The SR achieved less than 65% of the average innovation performance of the EU and Slovakia is lagging behind majority of Member States. There are several reasons: low intensity of innovation activities at the enterprise level, low expenditure on research and development, insufficient research cooperation with industry. Quality and qualified human resources that Slovakia has not adequately utilized and do not produce the expected effects. There is no friendly business environment yet which can assist and support implementation of innovations.