Innovation policy and successfulness of micro and small companies in the Republic of Slovenia

The purpose of our research is to examine the state of innovation policy and its influence on the successfulness of micro and small companies in the Republic of Slovenia. The effects of particular influential variables on the success and innovation policy (frequency of introduced changes, national co-financing, financial support initiatives, promote programs and innovation planning policy) were analysed empirically on the stratified model of 121 micro and small companies with the method of quantitative research, namely as per the most important and successful statistical regions. On the basis of the analysis based on linear and multiple regression analysis, it may be established that innovation policy influences positively on the success of micro and small companies. We can thus conclude that company’s frequency of introduced changes; national co-financing and financial support incentives, familiarity of employees with the innovation strategy as a part of innovation policy play a significant part in achieving business excellence.