Innovations and Competitive Ability of the Slovak Republic

Abstract

In the article the theoretical aspects of different types of innovations are presented and were analyze their effects in different countries, particularly in Slovakia and Poland.The author emphasizes the competitive ability of Slovakia. The key innovative features that distinguish strong innovative companies among weaker competitors are defined. The research using the new materials with a wide range of applications, such as nanotechnology was described. With the development of more flexible production procedures and through the branch network and knowledge. Modern technologies in new combinations, including the so-called subversive innovation are described in this article. The author has investigated and gave the definition of the kind of spin-off. In the article the remarkable features of successful companies, and their ability to use intellectual property in the form of patents and licenses were analyzed. The types of innovations and their characteristics were considered. Keywords: innovation, competitive ability, research and development