In the current literature, developing innovation capability in an organization is increasingly important. The approach of this study is quantitative. The data for the study were gathered using a web-based questionnaire targeting Finnish SMEs employing 11–249 persons and with less than 50 Meuro in revenue. A sample of 2400 SMEs was randomly selected. The response rate was 7.68 percent. This paper contributes to current understanding by presenting a construct for categorizing the intangible aspects of organizational innovation capability. The study also reveals that a firm's size or industry does not have a remarkable effect on the firm's innovation capability.