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One firm's innovation boosts its own productivity but also spills over to other businesses.
How much that matters depends on whether such innovation boosts growth.
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America, which has the most extensive and expensive national-patenting system in the world, preaches that patents help to foster growth in poor places, since they stimulate domestic innovation, boost foreign investment and improve access to new technologies.Nonsense, retort many poor-country governments.
Many elements of the Russian innovation system have been created during the last 15 years; however, these developments failed to produce an innovation boost (Dezhina 2010).
Notably, it also creates an innovation boost in the wider ecosystem, because each of these non-core elements is core to the supplier providing the service.
It is expected that these new findings will give an innovation boost for the development of scaffolds for bone repair and reconstruction, which began with the use of bioinert materials, followed by bioactive materials and now leading to functional regenerative tissue units.
Written in speech form, the memo provides a detailed policy agenda to foster innovation, boost productivity, and make the United States more competitive in the global economy.
Quality improvements and innovations boost education system reform in Montenegro PODGORICA, 27 October 2015 - Accelerating education system reform in order to expand preschool attendance and inclusive education and improve quality will significantly contribute to Montenegro's development.
This innovation greatly boosted London's standing as a cross-border financial centre.
The government could give innovation a boost by setting up a public-private investment bank focusing on them.
In some countries, street hawkers assign special ringtones to different customers, which are in effect free messages placing orders.In rich countries, online stores for smartphone apps gave digital innovation a boost.
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