GREECE

For Greece, one of the Moderate innovators, innovation performance is below the EU27 average and the rate of improvement is above that of the EU27. Relative strengths, compared to the country’s average performance, are in Linkages & entrepreneurship, Innovators and Economic effects and relative weaknesses are in Firm investments and Throughputs.

Over the past 5 years, Finance and support, Throughputs and Economic effects have been the main drivers of the improvement in innovation performance, in particular as a result from strong growth in Venture capital (24.1%), Broadband access by firms (35.4%), Community designs (34.2%) and New–to-market sales (32.8%). Performance in Firm investments has worsened, due to a decrease in Business R&D expenditures (-4.5%) and Non-R&D innovation expenditures (-22.7%).