Acquiring EU Funds for the Development of Research Potential of Enterprises as a Method for Developing Smart Specialisations

Abstract

Smart specialisations, a new branch of economy/science constituting a new, prospective economical specialisation. It mainly consists in utilising the unique natural resources of a region, connecting various branches, using innovative technological solutions. To successfully increase their research and development potential, enterprises employ funds from the European Union. This article presents a way of successfully utilising EU funds to increase the research and development potential of an enterprise with the example of an automotive company. The authors argue that smart specializations and research and development are important factors of the success of agricultural enterprises as well. The article makes an attempt at analysing the factors which affect the growth of research and development capital of a company and the way in which goals can be achieved. For production companies providing highly processed products (and such companies are also from the agricultural sector) innovation is closely linked to research and development activities. This research and development activity is directed mainly for innovative products, processes, technologies.