Innovations are key to achieving economic growth and development. In economic terms for innovations are said then include the development and application of ideas and technologies that improve services and products or their production. Innovations can increase productivity, or equal resources to achieve better results. By increasing productivity, more products and services are produced, apropos economic growth is achieved. The most competitive economies are also the most innovative. In such economies, there is a knowledge-based economy, an economy that is equally invested in the development of innovation and the state and private sector. While in the classical theory of economic growth, did not pay attention to the importance of the role of technology or innovation, it began to emerge in the 1980s in endogenous growth theories. According to such newer models of economic growth, producers invest in new technologies. From the aforementioned theories emerges that significant and sustainable economic growth can only be ensured through continuous technological progress, knowledge improvement and knowledge-based improvement, and continuous investment in research and development. According to empirical research in the graduate thesis, the same conclusion has also been made.