International Journal of
Innovation, Management and Technology

Abstract

The present study focuses on issues related to innovation policy alternatives based on the Grant Program for Technological Innovation for Small and Micro Enterprises in Rio Grande do Norte state (Inova). The technological intensity of innovation is considered an important issue for policies and strategies of innovation. This research evaluates several projects financed by the Rio Grande do Norte Research Support Foundation (Fapern). A total of 43 projects were assessed, regarding aspects such as: 1- problem solving; 2 -main changes generated in businesses; 3- meeting planned aims;4 - results expected; 5- support for economic sustainability; 6 -new business start ups; 7- new jobs; 8 - project versus time adequacies; 9 – project difficulties. The innovation program was found to be well evaluated and a number of businesses became more competitive. However, at times the specific financing of a project is not sufficient to consider some businesses innovative. As such, innovation projects need to be related to a new sustainable profile of businesses. Innovations must be linked to businesses strategy. Some enterprises do not use social networks such as Facebook and Twitter. The sponsoring agency recommended innovation support for businesses to develop innovation management status.