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Polish Companies Invest In Research, Development And Innovation

Polish companies invest in research, development and innovation

Access to a vast range of support mechanisms, including EU funding, but also the ability to navigate among them smoothly, may affect the profit of Polish companies. Such are the conclusions of z 5th “R&D&I Market in Poland – Support for research and development and innovation activity of enterprises” report developed in cooperation of Crido Taxand, Polish Infomation and Foreign Investment Agency and techBrainers.

The study shows that a group of Polish entrepreneurs increasing spending on R&D&I is growing. In 2012, the average share of business spending on R&D was 37%, while in 2014 it was already 47%. According to the survey, there is a growing number of businesses that employ in-house research and development teams. A readiness to protect innovations by patents proves strongly that the importance of running R&D&I activity within the company is getting more important. European Patent Office (EPO) recorded a fourfold increase in applications from Poland over the last decade.

Companies recognise the correlation between investments in innovation and business benefits. As many as 90% of the representatives of the R&D departments believes that the development of innovative solutions will generate additional revenue. The companies also report that investing in developing innovations allows them to successfully enter new markets abroad.

Download the report

Source: linktopoland.com

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