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  3. Innovation
Glossary Term

Innovation

Innovation is the multi-stage process whereby ideas are transformed into new or improved products, service, or processes. Technological innovation comprises new products and processes and significant technological changes of products and processes.

Term Info

Source

OECD. (2013). Glossary of Statistical Terms: Technological Innovation. Frascati Manual, 6th ed.

Related Glossary terms

Technology

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