Sustained Growth and Competitiveness SME´s Within the Context of Intellectual Property

Abstract

Due to the exponential pace of technological innovation, intellectual property is an important support for SMEs in innovation, growth and competitiveness of work. Licensing and cooperation open ways for SMEs to access complementary resources, expand their market reach, and accelerate product development. Our research consists of an analysis of 43 Slovak companies in the field of intellectual property, its licensing and the impact of IP partnerships on competitiveness and business growth. The aim was to point out the possible causes of low cooperation of companies in the field of intellectual property. The survey results provide information on opportunities to enter new markets using partnerships. These partnerships can mean a competitive advantage for SMEs, which can be achieved mainly by reducing the barriers that SMEs face when engaging in licensing agreements and cooperation in the field of intellectual property. The results lead to recommendations for successfully finding and maintaining partnerships.