Objective: To analyze the degree of innovation management and propose a maturity model for Brazilian SMEs. Methodology/Approach: Comparative study cases of quantitative and qualitative approach, descriptive and applied, for Brazilian SMEs; used the deductive and inductive methods and the triangulation of data for analysis and proposition of the model. Originality/Relevance: The challenge of understanding in depth the critical factors and relationships between innovation, performance and competitiveness of SMEs is important for their survival, growth and development, especially in emerging economies such as Brazil. Main Results: (i) despite the practical difficulties of managing innovation and the absence of a formal strategy in some SMEs to encourage and support innovative processes, these are directly and indirectly related to the performance and competitiveness of these companies; (ii)...