Klaipėdos universitetas

The tasks of the article are: 1) to survey of the scientific literature in the field of the development of scientific-technical progress and the main entrepreneurial concepts; 2) to survey the EU and Lithuanian documents about R&D priorities and initiatives; 3) to analysis the situation of published applications according to date of filing application In Lithuania regions; 4) to determine the main R&D smart specialization directions in the Lithuanian regions according to published subclasses of International Patent Classification.

The purpose of this research is to identify the entrepreneurship ecosystem in Malaysia based on PFP methodology from the Global Entrepreneurship Index (GEI). As one of the top performing economies in Asia, the Global Entrepreneurship Index (GEI) score of Malaysia stood in the ‘middle rank’ from 2012 to 2016 (ranked 46th out of 96 surveyed countries). The analysis has revealed that Malaysia has two strong pillars that are unique to the country, namely ‘human capital’ and ‘process innovation’. There are seven other pillars that did not perform well, namely, technology absorption pillar, high growth, risk capital, cultural support, product innovation, start-up skills, and internationalisation. In order to improve these areas, the Malaysian government needs to enact ‘supportive regulation’ for entrepreneurs, such as promoting entrepreneurs in external events, tax holidays, a less complicated business permit application process, ease of access to bank loans, and business training.