Existing technologies with new

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Innovative company – what is it? After reading the definitions of innovation from the Oslo Manual , we can characterize an innovative enterprise as: innovative company In other words, an innovative company is one that constantly strives to improve its products and services, using new technologies and ideas to meet market and consumer demands. How important is innovation in EU projects? Innovation plays a very important role in EU projects as it is a key element in accelerating the development and competitiveness of Member States' businesses and economies.
  
The European Union encourages entrepreneurs to invest in product innovations and business process innovations through various programs and funds. Product innovations involve introducing new or improved products to the market that feature an innovative solution or functionality, which photo retouching in turn translates into benefits for consumers. These types of innovations involve completely new technologies or may be based on a combination of applications or by using new knowledge. Such innovations can concern both physical and digital products, as well as services. Innovative products/services are characterized by greater convenience, ecology, comfort of use or saving the consumer's time and money.



In innovations related to services, these changes must primarily concern components, technical parameters, materials, friendlier service for the end user, An example of product innovation in the food industry may be the introduction of new types of food, such as vegan products or functional foods, which offer alternative ways of meeting nutritional needs and introduce new ingredients into the diet. It may also be the addition of new flavors or ingredients to a product already offered by the company, which will contribute to improving its taste and increasing the number of health-beneficial elements. In the case of the IT industry, an example of product innovation may be the introduction of new software.