Innovation and “innovation indicators” are not part of the common lexicon. Not all researchers follow the same definitions, and the subject is constantly evolving – by definition. This poses a problem for policymakers, says Prof. Fred Gault in our new working paper. Innovation is the bringing to market of a new or significantly improved product, or of finding a better way to get a product to market, to paraphrase the 2005 Oslo Manual by the Organisation for Economic Co-operation and ...