Barriers to innovation: experience of Ecuadorian small and medium entreprises

The innovation barriers to small and medium-sized enterprises affect their innovative process influence company development. In this empirical work, we analyze the cost, market, knowledge that impede or delay development of activities projects in Ecuadorian SMEs. A logit estimation model uses fixed-effects panel data on a sample 5,205 SMEs during period from 2009–2014. results show young companies are more vulnerable perceived cost knowledge. This is mainly due high costs lack skilled staff restricts organizational growth market competitiveness.