Whether you’re starting out, scaling up or steaming ahead, innovation is the creative engine that powers the future success of firms. It can also help to build entire communities, cities and countries.
All across the world governments are spearheading efforts to measure innovation in their economies. Why? Because it is only by working with businesses that they can figure out what policies are helping or where improvements are needed.
Innovation data is vital for a more innovative South Africa.
South Africa’s Business Innovation Survey, covering the period 2014-2016, will examine the innovation activities in about 5,000 enterprises—from very small to very large, and across a range of industries. In the same way that a company’s financial statement is an essential tool for performance monitoring and planning, the Business Innovation Survey delivers a national picture about what innovations are taking place, how they occur at firm-level, and what can be done to enhance innovation capacity.