Role of innovative small and medium-sized enterprises in the development of regional economic systems

In the current socio-economic environment, the activities of small and medium-sized enterprises (hereinafter referred to as SMEs) play a crucial role in ensuring the sustainable development of regional economic systems. Due to their flexibility, innovation capacity, and ability to respond quickly to market changes, SMEs represent a key component in the diversification of regional economies. Of particular importance are innovative SMEs, which not only adapt to existing conditions but also act as drivers of technological and economic transformation. This study is focused on assessing their contribution to the development of regional economic systems and identifying ways to enhance the investment attractiveness of subjects through the stimulation of innovative entrepreneurial activity. The research includes an analysis of theoretical frameworks for evaluating the role of SMEs and explores how innovations are integrated into regional development strategies. The main conclusion of the study is that the active integration of SMEs into innovation processes is a critical factor for the growth of regional economies. Their operations enhance regional competitiveness, promote job creation, stimulate technological renewal, and create a foundation for long-term sustainable economic development.

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