Recommendations for Strengthening the Role of Innovative Small and Medium-sized Enterprises in Countries of the Commonwealth of Independent States

New technologies and knowledge, forming real concrete benefits, are becoming a defining factor for economic growth and for the development of the society. The exclusive significance of the innovation component of small and medium-sized business are of great significance for the economic and social development .Taking into the account the heightened risks accompanying the introduction of new technologies by SMEs and the enormous potential possibilities that comes with such new technologies, in economic and social terms, governments should undertake efforts and offer privileges to motivate innovation activities among SMEs.