The paper investigates innovations and a new product development process in Slovak Republic. It shows domestic context and relay to essential problems of enterprises. The findings extend and update existing innovations knowledge at a firm level. Relationships between the researched parameters were identified based on the market data given by enterprises. There is a need to increase awareness of innovations superiority as a way of development, to stimulate innovations more actively, including additional incentives from the government, to update sets of using methods etc. Positive relationships were confirmed between innovativeness of launching products and acceptance of projects’ risks, number of developing products and number of successfully launched products, experience of enterprises and share of successfully launched products, product innovativeness and period of its development. Relationships between product innovativeness and the size of enterprise were not proved.