NSF Innovation Survey

17 Nov 2010 Sandeep Mehta

The National Science Foundation has released preliminary results of their innovation survey: nsf.gov – SRS NSF Releases New Statistics on Business Innovation – US National Science Foundation (NSF). Below are some important take aways:
Defintion of what is innovation:

In the Oslo framework, innovation is the implementation of a new or significantly improved product (good or service), or process, a new marketing method, or a new organizational method in business practices, workplace organization or external relations.”[6] Further, “The minimum requirement for an innovation is that the product, process, marketing method or organizational method must be new (or significantly improved) to the firm. This includes products, processes, and methods that firms are the first to develop and those that have been adopted from other firms or organizations.

Lots of interesting data.  Definitely a source to get back to whenever you are trying to benchmark innovation.

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