"hasten development" is correct and usable in written English.
You could use it to refer to efforts to make something progress or to become more advanced more quickly. For example: "The government is investing in research to hasten development in renewable energy sources."
In acquiring know-how from abroad, protecting its infant industries, and using the levers of the state to hasten development, it is following a blueprint that most other developed countries used at some point — from Britain, to the United States, to Japan, to Taiwan and South Korea, to India.
Even a warm dwelling-room might hasten development.
He called on local officials to hasten development and "not waver until the job is complete".
To hasten development of new export routes, the Conservative government is streamlining permit processes by accelerating scheduled hearings and limiting public comment.
I.B.M. and Infineon, the former semiconductor division of Siemens of Germany, plan to announce today a partnership to hasten development and commercial production of magnetic random access memory chips.
Michel Bon, the chief executive of France Telecom, has been trying to hasten development of international activities ever since France Telecom abandoned a partnership with Deutsche Telekom, its German counterpart, early this year in a venture known as Global One.
Industry analysts say Mr. Citron's success has hastened development of the technology by major telephone and cable companies, which are clearly following his lead.
Attempting to put a lid on its spiraling expenses, former Pentagon chief Bob Gates in 2009 capped the F-22 fleet at 187 planes (a decision, ironically, that hastened development of an even more expensive family of jets, the F-35 Joint Strike Fighter).
The earthquake hastened development of western neighborhoods that survived the fire, including Pacific Heights, where many of the city's wealthy rebuilt their homes.
Experimental design has hastened developments in the field of pharmaceuticals and helped scientists to better understand the behavior of particles in the wet granulation process.
Oxidative stress and inflammation induced by a high-fat diet plays an important role in the development of steatohepatitis, so an HFD may hasten the development of nonalcoholic steatohepatitis (NASH).
