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The phrase "and develop its own" is correct and usable in written English.
It can be used when discussing the process of creating or evolving something independently, often in the context of ideas, systems, or organizations.
Example: "The organization aims to innovate and develop its own unique strategies to address the challenges in the industry."
Alternatives: "and create its own" or "and establish its own".
Exact(19)
We believe that London should be given the power and freedom it needs to shape and develop its own social and physical infrastructure, so it can meet the needs and aspirations of its residents.
To lead FinTech, Citibank established organizations such as innovation labs, startup incubators, and venture capital, which enabled it to act quickly and efficiently, and develop its own core FinTech.
Zynga, whose shares are trading two-thirds below its IPO price, has since announced that it would loosen its ties with Facebook and develop its own network for gamers.
And now it has the money to hire the best talent and develop its own in-VR creation tools.
Chinese officials decided that China should also enter this competition and develop its own 3G standard.
Peace will be achieved by helping Afghanistan train and develop its own national army.
Similar(39)
In fact, Intel also used to offer ARM-based processors with its StrongARM and XScale ranges, but it sold that business and developed its own Windows-compatible (or "Intel architecture") Atom range instead.
The food may be genuinely good, but the way that street food has become organised, and developed its own conventions of presentation, has taken it another step further from the street.
It really was capable of being cheeky and developed its own gang-of-slightly-spiky-chums style.
Mr. Young said the city gathered all of its own data and developed its own calculations.
As China has opened its economy and developed its own philanthropically minded middle class, such charity projects are increasingly common.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com