Innovation and competitiveness have a synergistic relationship well documented in specialized literature. According to the Information Technology and Innovation Foundation, between half and three quarters of all economic growth over the 20th century is related to innovation.
Innovation is a wide concept, including product innovation, process innovation, services innovation and organizational innovation, that is to say, any improvement on competitiveness. Following Regis Cabral definition:
“Innovation is a new element introduced in the network which changes, even if momentarily, the costs of transactions between at least two actors, elements or nodes, in the network”