What is Education Market

The concepts of innovation and innovation potential have become crucial in the implementation of conceptual changes and strategic plans leading to changes in competitiveness. Innovation consists of the realization of new ideas projected into products, services, processes, systems, and social relations. Quantitative growth of innovations in the country and its regions as innovative capital is reflected in the innovativeness of products and the quality of services provided, affecting the behaviour of employees, the culture of companies, and the perception of the value of innovative products by consumers. The aim of the research is to compare the results of Slovakia and its regions with the results of European and V4 countries in terms of innovation potential. Based on analysis and comparison, the authors identified the strengths and weaknesses in the innovation potential of Slovakia and Slovak regions and the gaps that need to be overcome regarding the increase of the innovation potential and sustainable development.