The course focuses on the need for innovation for the survival and robust growth of businesses in an international and rapidly changing technological environment. The subjects of the course are knowledge management and technological changes, patents and strategic choices, innovation models and the development of innovation at business and national level. Special emphasis is given to the concept of entrepreneurship and its role for the financial development and growth of the company (scale up), while recognizing the main mechanisms of new knowledge production and the formal phases in the process of developing new ICT products and services.