The EC has within its Survey of 2011, carried out on request of DG Enterprise and Industry (DG EI), realized that the main barriers of innovation in the eyes of the SMEs, are lack of financial resources and inability to manage innovation process. Since different understandings of the term "Innovation Management System" (IMS) have been noted the EC has supported European Committee for Standardization to provide the stakeholders with a unified definition of relevant parts in the IMS. According to this definition the most important parts of IMS include company's innovation processes from idea generation to innovation result, but also leadership, management skills and other enabling factors, like the ability to cooperate with third parties like RD partners, clients, and suppliers.
The objective of this project in Slovenia was to enable SMEs to bridge the knowledge gap in innovation management, get aware of shortages and improve their internal innovation management system and/or focus on achieving market value with their inventions. The consortium proposed to achieve these objectives through: 1.) Enhancing the Innovation Management Capacity of SMEs. The beneficiaries received diagnostic of their innovation system based on the SME-Mpower tool. This lead to the formation of tailored action plan to improve the SME’s capacity to better manage innovation.2.) Key Account Managers – Facilitators for the H2020 SME Instrument. Key Account Managers role was to identify and source appropriate lead coaches (from predefined pool of coaches), facilitate linking the SMEs to innovation support services and to support the lead coach in delivering services to the SME. The SME Instrument participants received the most appropriate services and support to enhance the probability of successful exploitation of the innovation project and to leave a footprint for their future sustainable growth.