According to the Ministry of Economics, the precondition for competitiveness of the Latvian economy is the increase of productivity – growth should be based on technological factors, production efficiency, and innovation. Cooperation of science and business sector has already created innovative and creative products and services that are competitive on the global market. At the same time, it is believed that entrepreneurs and scientists speak different languages, the business does not understand the significance of discovery, while researchers are not able to solve business problems. Is it true? Is the cooperation really passive? Who is impeding and promoting it? What are the parties gaining from cooperation? What is the benefit of it for the national economy? When can the fruits of cooperation be enjoyed by the society? Can each scientist be a successful businessman and is it necessary at all? Answers to these questions will be sought in the new Journal «Innovation».