Term:
Research and development and scientific and technological innovation
Definition:

Scientific and technological innovation may be considered as the transformation of an idea into a new or improved product introduced on the market, into a new or improved operational process used in industry and commerce, or into a new approach to a social service. The word “innovation” can have different meanings in different contexts and the one chosen will depend on the particular objectives of measurement or analysis.

Domain:
ICT
Source:
OECD
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