The positive changes in the rates of innovation performance for the EU-27, according to the Innovation Union Scoreboard (IUS), show that the annual average growth rates of the leading countries - Sweden, Denmark, Finland, and Germany - have significantly decreased during the post-crisis period...

Each country is required to have a clearly formulated and detailed national strategy in the transition period for the purpose of management, stimulation, assessment and funding of innovative technology development process. A range of various funding sources includes private venture capital...