Innovation and Internationalization: Role of Cooperation, based on Patent Analytics. Country of study: Chile

Abstract

As global competition intensifies, it’s hard to survive by being autonomous, as resources needed are not always among a firm or a country’s boundaries, but outside of them. The role of cooperation with external parties has become essential to boost creativity which ends in innovative solutions, to reduce costs and times of developing new products/services, to enhance firm’s and countries’ global competition, to acknowledge customer needs to penetrate new markets, among other benefits. Therefore, this study focuses on Chile’s position in this matter compared to Colombia, Finland and Czech Republic. Likewise, as patent information has been increasingly used to analyze innovation, the indicators SHIA SHAI and SHII, proposed by Guellec & van Pottelsberghe de la Potterie, were selected to carry out the investigation. After finalizing, it’s got come to the conclusion that the country needs to invest considerably more of its GDP in R&D activities and involve a steadier international cooperation, in order to impulse the creation of competitive advantages and therefore its economic growth.