Sources of innovation
We can distinguish several sources of innovation:
- internal research (R & D)
- purchase of new knowledge in the form of patents, licenses, technical services, etc.
- purchase of the so-called: material technology, the innovative devices and machines with improved technical parameters.
- growing importance of technology
- change in market structure or industry
- unexpected technological breakthrough
- changing demographical characteristics of customers
- resource depletion
- research performed in science and academic institutions
- results of market research
- rising competition from low cost producers
- government funding for R&D activities
- Feldman, M. P., & Florida, R. (1994). The geographic sources of innovation: technological infrastructure and product innovation in the United States. Annals of the association of American Geographers, 84(2), 210-229.
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