Public Financial Funds Efficiency Regarding the Development of Innovative Activities in Small and Medium-sized Enterprises: the Case of Slovenia

Abstract

In this article, the authors present a method of measuring the efficiency of use of national and European public funds for promoting action in companies, including the process from a draft idea to the placement of a product or service on market. The method of measuring has been done with a matrix system, through which we have shown the distribution of public funds between service brokers that offer services for the raising of the abilities to the companies. The matrix system includes the impact matrix of service brokers on innovation enablers. Based on the assembling matrix, we have composed efficiency measures, which can serve policyholders in guiding and controlling public funds.