“…As stated in literature already mentioned, Portugal fits in the group of countries for which innovation is one of the most, or even the most, important competitive pillar in terms of its weight in promoting business competitiveness and developing of different economic sectors (Nunes and Serrasqueiro, 2015;Lopes et al, 2014;Pereira and Correia, 2012;Marques et al, 2011;Morais et al, 2010;Cabrita and Bontis, 2008;Ribeiro and Santos, 2008). Rolling back the years to the peak of Portugal's economic recession, Gibson and Naquin (2011) questioned whether investing in, innovation, technology transfer knowledge and know-how was a worthwhile investment at the time, especially for a country that was struggling financially.…”