Matchmaking Programme in function of the economic recovery: An empirical study in the Republic of Srpska

Abstract

Progress of the Republic of Srpska regarding the design of products and services in the field of advanced technology has not been reached yet. Unfavorable economic structure of the Republic of Srpska in recent years, reflected in the dominant share of the retail and wholesale of non-financial sector. This empirical study examines the possibility of establishing Matchmaking Programme which affects the dynamic innovation commercialization, which represents one possible step in the revitalization of the economy of the Republic of Srpska. The aim of this paper is to show the negligible support from the government that small, technologically advanced companies in the Republic of Srpska have in relation to European companies. Proposed theoretical model of support innovative small companies in function of technological growth and commercialization innovation, among other measures, promotes Matchmaking Programmes as one possible output strategy from the crisis of companies from Republic of Srpska. Research for need of this paper was conducted in the period till mid-January 2013 on the territories of five cities and 10 municipalities of the Republic of Srpska, on a sample of 118 small enterprises and entrepreneurial business. By analysis of the research results and testing research hypotheses, it was observed that Republic of Srpska has not created a strong mechanism yet, to encourage the promotion of seeking adequate business partners abroad with the aim of planning, development and products distribution in the field of advanced technologies to the international market.