Banks are thought to hinder innovation

A joint study by the impulse magazine (11/06 issue) and the Forsa-Institut on the subject matter of innovation management shows that the readiness of banks to support innovations is seen to be quite limited or very small by most small and medium-sized entities. Just twenty percent of entrepreneurs have the impression that their innovative ideas meet with support on the part of their banks.
This means that either banks and small and medium-sized entities are not yet talking the same languare so that there is a strong need for dialogue or banks are not living up to their obligation of supporting innovations given that these are virtually the only competitive advantages from which SMEs could profit. GERMAN