Innovation Comes from Small Business, Too
Another myth [about small businesss] is that innovation in our economy comes from VC backed high growth ventures, large corporations with big R&D budgets, or government backed research, but rarely from small businesses.A new study just released from the NFIB (all of their studies can be found here) shows the fallacy of this myth.
Small businesses produce a significant number of innovations,” said NFIB Research Foundation Senior Research Fellow William J. Dennis. “Smaller enterprises appear particularly adept at major breakthroughs in contrast to more incremental or evolutionary changes.
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