Table 1.

List of obstacles to innovation in CIS 2016

CodeExplanation
LFIN_INLack of internal finance
LFIN_EXTLack of external finance (credit or private equity)
H_COSTInnovation costs too high
L_EMPLLack of qualified employees within the firm
L_PRTNLack of collaboration partners
L_SUBSDifficulties in obtaining public subsidies/grants
U_DMNDUncertain market demand for innovations
H_COMPHigh competition in the relevant market

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