The phrase "and develop the technology" is correct and usable in written English.
You can use it when discussing the process of creating or improving a specific technology or system.
Example: "Our goal is to innovate and develop the technology that will revolutionize renewable energy."
Alternatives: "and advance the technology" or "and enhance the technology".
Producers said the credit gave them the financial cushion to experiment and develop the technology for mining the coal gas.
Mr. Smith, a classical violinist himself, said he started to research and develop the technology about 15 years ago at the College Conservatory of Music in Cincinnati.
Once they have an order they can put in place the staff training and develop the technology and processes they need.
The Wyoming legislature recently approved $15 million to test and develop the technology, Mead writes, arguing the EPA should follow suit.
Since 2010, Kitson has partnered with IBM to design and develop the technology aspects of the city, which include gigabit-speed internet connectivity and a shared fleet of autonomous electric vehicles.
The space station, for example, was initiated by President Ronald Reagan in the mid-1980's as an international program to conduct scientific and medical research in orbit and develop the technology for assembling mammoth structures in space.
In 2009 BAS-led scientists and engineers began to acquire and develop the technologies needed to drill a borehole toward a small lake, perhaps only 29 sq km (11 sq mi) in area, called Lake Ellsworth.
The National Defense Education Act of 1958, for example, trained thousands of young scientists and engineers who helped put a man on the moon and develop the technologies that catapulted our world into the Information Age.
"I'm now 62, I'm having fun, still doing research and developing the technology".
He coined the phrase "virtual reality" and developed the technology for computer-generated worlds.
