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Innovation cooperation has become an increasingly prominent feature of firm's innovation activity. Cooperation activities with other partners are opportunities to access complementary technological resources (such as skill sharing), which can contribute to faster development of innovations, improved market access, economies of scale and scope, cost sharing and risk spreading. Intensive knowledge exchange and learning processes characterize such cooperation activities which tend to combine complementary assets and to build synergies. The aim of this article is to assess the SME's cooperation with external partners in innovation in special division of mechanical engineering industry in Slovakia. We will answer three questions. First: how is assessed by Slovak SME's managers the importance of cooperation in innovation with external subjects as one of the factors significant for innovations in SMEs. Second …