Table 2.

Obstacles to innovation

Type of obstacleObstacle items
Cost factorsExcessive perceived economic risks
High costs of direct innovation
Cost of finance
Availability of finance
Knowledge factorsLack of qualified personnel
Lack of information on technology
Lack of information on markets
Contract factorsDesign-bid-build contracts
Regulation factorsCompliance with Finnish government regulations
Compliance with EU regulations
Source: Adapted from Oslo Manual (2005) 

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