A counting multidimensional innovation index for SMEs

Abstract

We developed a C ounting Multidimensional Innovation Index (MII) framework for measuring and benchmarking innovation of Small and Medium Enterprises (SMEs) , groups of SMEs, industries , regions, and countries . The methodology behind the MII is similar to the methodology behind the United Nations Multi dimensional Poverty Index and follows the innovation definitions stipulated by the OECD Oslo Manual , cover ing dime n s ions and partial indicators suggested by this Ma nual and/or adapted from the In novation Union Scoreboard (IUS) and from the Global Innovation Index (GII) . T o illustrate the MII framework , a survey was conducted among SME s of the metalworking industry in Portugal .