Definition: Technological innovation
R & D - Oslo Manual
Innovations comprise implemented technologically new products and processes and significant technological improvements in products and processes. A technological product and process (TPP) innovation has been implemented if it has been introduced on the market (product innovation) or used within a production process (process innovation). TPP innovations involve a series of scientific, technological, organisational, financial and commercial activities.
Organization for Economic Cooperation and Development (OECD) and Statistical Office of the European Communities (Eurostat), "The measurement of scientific and technological activities: proposed guidelines for collecting and interpreting technological innovation data: Oslo manual)", Paris, 1997, page 47.