Innovation

Innovation is the creation of new ideas that results to the development of new or improved products, processes, or services which are then spread or transferred across the market. (Sec. 3(b), Innovative Startup Act, Republic Act No. 11337, April 26, 2019)

Innovation refers to the creation of new ideas that results in the development of new or improved policies, products, processes, or services which are then spread or transferred across the market. (Sec. 3(f), R.A. No. 11293)