RESEARCH AND DEVELOPMENT TRANSFER AS DRIVER OF ENTREPRENEURIAL ACTIVITY

Abstract

Entrepreneurship is the main driver of innovation and a catalyst for technological changes in the economy, and the governments should ensure that different results of research and development find their way to the market. However, just a small number of inventions as results of the government funded scientific research experience commercialization. Data from Global Entrepreneurship Monitor (GEM) was used in order to investigate the role of the research and development (R&D) transfer as one of the entrepreneurial framework conditions. Paper concludes that R&D transfer is one of the least favourably conditions, which significantly affects the degree of innovation and the competitiveness of businesses, especially in factor-driven and efficiency-driven economies.