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.
Source:
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.
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