The hereby article discusses the issues related to the existing or required support given by the State to enterprises in order to provide them conditions to innovate. Neoclassical economy puts an emphasis to the price mechanism as a decision making effective tool, but enterprises meet many...

Scientific knowledge has nowadays became one of the most important factors which foster innovation-based development of economies. The key role here play universities and higher education institutions which – under market pressure – also change their attitude to the knowledge creation....

Basic research conducted in the public research institutions are the ones of great importance for both novelty of conduced research and the possibility of their commercial exploiting. Thanks to the institutions which gave the property rights to the publicly produced innovations, it is possible...

The hereby article is addressed to the problem of innovation in new, Academia rooted industries. The traditional models of innovation seem to fail, whilst R&D activity of companies is more and more risky, and expensive. An example of pharmaceutical industry is given here. Pharmaceutical (and...