Technological information, knowledge transfer, research and innovation are factors of success in the contemporary economy. Romania is on the last place in Europe in terms of innovation, and the Romanian regions occupy the last positions the picture of the European innovation at the regional level. The paper presents a presentation of the situation of the innovation in Romania, with aspects concerning the need for innovation of SMEs. Domestic companies need innovation to cope with the European and international competition. The collaboration with the university/research institutes and the patent/license acquisition have a low share, showing the lack of technology transfer and of certain partnerships between the business environment and the research area.
The establishment of networks specialized in technological transfer, with government support, can be a solution for the sustainable growth of the national economy.