Innovation
Creation and implementation of new value-adding solutions.
Definition
The creation and implementation of new products, services, and processes that add economic value, including support for startups, technology transfer, commercialization, and the strengthening of innovation ecosystems as promoted by the plan.
Related Terms
Research and Innovation (R&I)
Basic and applied research plus knowledge transfer for socio-economic impact....
Workforce Development
Initiatives focused on enhancing the skills, education, and employability of the labor force to meet industry demands....
Technology and Innovation Hubs
Regional centers for technology commercialization and R&D....
innovation ecosystem
Network of public, private and academic actors supporting R&D and commercialization....
Economic Development Initiatives
Programs and strategies aimed at fostering economic growth, job creation, and overall prosperity within the Commonwealth....