Cost of Innovation

Cost of Innovation: The total financial expenditure required to discover, develop, and bring a new product or service to market.

More Innovation Glossaries

Risk Aversion

Risk aversion is a situation where an individual has a natural preference for certainty over uncertainty.

Innovative Solutions

Innovative Solutions: Novel and effective methods or products that address existing challenges in unique ways, enhancing value and efficiency.

Transformative Innovation

A type of Innovation that creates a new market, leading to the disruption of an existing industry.

Top Cost of Innovation Resources