domestic innovation

Language: en

📖 Definitions

  1. The creation, development, and implementation of new ideas, methods, or technologies within a country's own borders, often driven by national policy to enhance economic competitiveness or technological self-reliance.; Innovation activities that are conducted locally rather than relying on foreign technology transfer or international collaboration, focusing on indigenous capabilities.

💬 Examples

  1. By prioritizing domestic innovation, the US intends to outpace rival nations in key technological domains.

  2. The government launched a new fund to support domestic innovation in renewable energy sectors.