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Due to increasing globalization, innovations have become a basic method utilized by enterprises to gain competitive advantage and improve the efficiency of operations. Their introduction is a prerequisite for the growth of any business, however, in the case of the sector of smalland medium-sized entrepreneurs, the implementation of new solutions is their way to survive. The purpose of this paper is to analyse and evaluate the expenditure made towards innovative activities of SMEs in Poland in 2012–2016. Data published by GUS (Statistics Poland) and Eurostat on innovative activities of SMEs in Poland have been used, with a special focus on the Małopolskie Voivodeship.

Expenditure on innovations of SMES and sources of their financing in Poland as illustrated by the example of Malopolskie Voivodeship