DEFINITION OF TERMS “Innovations“ and “innovation systems“
The landscape surrounding the definitions of the terms “innovations” and “innovation systems” is already quite broad and is constantly evolving. In the Fraunhofer Group for Innovation Research, these two terms are understood as follows in the context of the paper entitled “Understanding Change, Shaping the Future. Impulses for the Future of Innovation”: Innovations comprise both technical, organizational and social innovations. An innovation is understood to be the successful implementation of an idea. This implementation can be in the form of new technologies, products, services, business models or integrated solutions in fields of implementation, such as markets, organizations or society. Innovation systems are understood to be a combination of all stakeholders and factors that influence innovations throughout their life cycle.
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