A technological innovation is a new or improved product or process whose technological characteristics are significantly different from before. Implemented technological product innovations are new products (product innovations) or processes in application (process innovations) that have been brought to market. The product or process is considered to be an innovation if it achieves specified advantages for the enterprise concerned; these need not be new from the point of view of other companies or the market.
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Validity of the definition
- 1 January 1995 - 31 December 2000