Innovation refers to the launch of a new or significantly improved product or service or the introduction of a new business process. The aim of innovation is to create value and gain a competitive advantage, which will benefit the enterprise’s development and increase productivity, simultaneously contributing to economic growth. Product or process innovation can involve the application of new technological solutions, a new combination of existing technologies or the application of the knowledge available to the enterprise. However, innovation may not always result in the launch of a new
The focus of the global goal “Industry, Innovation and Infrastructure” is infrastructure development, industrialisation and innovation, which are three important pillars of economic growth. If action in these areas is resilient, inclusive and sustainable, economic growth will support sustainable development. The 2030 Agenda targets include increasing the share of industry in employment and GDP; this indicator should double in the least developed countries. The agenda lays down improving access to financial services, raising efficiency in environmentally sound use of natural resources
The mission of Statistics Estonia is to reflect the situation and changes in the society and offer information important for demographic, social, economic and environmental development of Estonia. The data collected by Statistics Estonia are necessary for making development plans and projections, for policy planning, scientific and applied research and for making informed decisions. The vision of Statistics Estonia is to become by 2022 the most effective and innovative producer of reliable and user-friendly statistics in Europe. As the main data competence centre in Estonia, Statistics Estonia
According to Statistics Estonia, 47.7% of Estonian enterprises were innovative in 2016. Industrial enterprises are the most active innovators.
The focus of the global goal “Decent Work and Economic Growth” is to ensure sustainable and environmentally friendly economic growth that would not involve excessive and unsustainable use of resources. Sustainable economic growth helps people escape poverty and find employment. The 2030 Agenda sets a target to achieve higher economic productivity, using diversification, technological upgrades and innovation, and focusing among else on sectors that have high value added and are labour-intensive. It is also expected that governments support the creation of decent jobs, entrepreneurship
According to Statistics Estonia, in 2019, the expenditures on research and development (R&D) in Estonia amounted to 453 million euros, which is 24% more than in 2018. The share of R&D expenditures in the gross domestic product was 1.61%, making it the highest share in the last five years.
The focus of the global goal “Sustainable Cities and Communities” is problems related to rapid urbanisation. Although cities are sources of innovation and exhibit fast growth in the number of jobs as well as economic growth, urbanisation also causes problems, such as poor living conditions, air pollution, poor access to services and lacking infrastructure. The 2030 Agenda includes a global target to ensure everybody adequate, safe, affordable housing and basic services, and improve slums. Efficient waste management and availability of transport networks, especially of public transport, is