Innovacionnyj process v regione Baltijskogo morja [The innovative process in the Baltic Sea region]

In order to maintain its global competitiveness in the future, the Baltic Sea region (BSR) needs to preserve and improve its technological capability and innovativeness. This article focuses on innovations in the Baltic Sea region, particularly on external innovation drivers and innovation environments in the BSR and individual countries within the region. Firstly, some definitions of innovations, innovation drivers, and characteristics of a favourable innovation environment are presented. Secondly, the current condition of innovation environments in the BSR is described and the innovation performances of Baltic countries are compared. Finally, the research aims to conclude, as well as to analyse, the future innovation development of the BSR. The research material for this desk study is collected from various sources, including journal articles, statistics, media, research reports, and other publications.