INNOVATION DEVELOPMENT FACTORS: SWITZERLAND EXPERIENCE

Abstract

To achieve the aims of sustainable development of a country, it is necessary that the values of the innovative economy are shared, if not by the whole society, then at least by its main driving forces. The innovation process is no long dependent on the efforts of one innovator. It has become interactive: in addition to the direct developers of innovation, other agents are involved in innovation development. Therefore, innovation should be seen as a product of multidimensional interaction of many participants. This is a specific environment where not only innovators are present, but also financiers, lawyers, marketers, logisticians, consultants, etc. Switzerland has become a highly successful example of a country, which developed such interaction. In current research, we discuss what factors led to innovation success in Switzerland.