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Innovation

Organisations promoting innovation

The International Development Research Center, a corporation that finances research for development.

The Program on Innovation Systems Management (PRISM) incorporates features which will help put IDRC at the helm for generating new knowledge and better practices in the field of innovation, at a global level. Five broad sets of activities will form the basis of work supported by PRISM, specifically designed to assist the SMEs community:

• Technology upgrading
• Financing innovation
• Education and training
• Market development and product innovation, and
• Policy and strategic planning

Different problems encountered by firms in innovation

• Lack of capital
• Difficulties in predicting demand
• Apparent cost of developing innovation
• Problem of adapting the marketing function
• Costs of monitoring future applications
• Difficulties in finding technological information
• Employee skills
• Government standards