ABSTRACT

This article contains the analysis of innovation outputs of Small and Medium sized Enterprises (SMEs) financed by venture capital in the Slovak Republic. On the results of our analysis, conducted on the sample of 60 SMEs, we can conclude that Slovak enterprises financed by venture capital did not apply considerable innovation activity in form of innovation outputs as patents, designs, utility models, trademarks in their performance. The share of enterprises with innovation activity (which created some of innovation outputs) of all 60 SMEs financed by venture capital in our research sample was only 21.67% (13 enterprises). On the basis of analysis of our research sample we can conclude that the rate of innovation outputs is related to affiliation of enterprise to industry branch following its technological or knowledge demandingness. The affiliation to high-tech or medium high-tech sector was related with higher rate of innovation outputs in our research sample.