To sum up, it is the combination of internal and external factors which drive the majority
of the SMEs to undertake both product and process innovations. As a result, many of
them have been successful in selling innovated products in varying proportions of their
total sales. Though the recognitions won, particularly in terms of patents is not
noteworthy, a considerable number of them have won national awards. More
significantly, more than half of the innovative SMEs have achieved sales growth due to
their innovations. In this context, a comparative growth analysis in terms of sales,
investment and employment for innovative and non-innovative SMEs is appropriate.