An innovation entails a new or significantly improved product, service or method. It can also be a new marketing method, a new way of organizing business, work organization or external relations. The definition is developed by the OECD and is available in its entirety in the so-called Oslo manual.
Sometimes this type of improvement is created through a research process, but it is only when the new product, service or method is established or implemented in a market that it becomes an innovation. Innovations can also be the result of needs that arise in, for example, healthcare. A need leads to development work or research and eventually a new product, service or method can be introduced and established.
Sweden's innovation agency is Vinnova. By funding innovation and research projects, and strong research and innovation environments, Vinnova is working to improve the conditions for innovation in Sweden.
Vinnova has three schemes with a particular focus on healthcare and wellbeing:
Support for developing innovations is also available in local and regional innovation systems, such as innovation gateways, holding companies, innovation programs, technology parks, innovation offices or incubators. Innovation systems look very different in different parts of the country.
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