Each agency has it's own definition of innovative, but it can broadly be understood to be:
Innovation: Something new or improved, having marketable potential, including:
(1) development of new technologies;
(2) refinement of existing technologies; or
(3) development of new applications for existing technologies.
Research or Research and Development (R/R&D). Any activity that is:
(1) A systematic, intensive study directed toward greater knowledge or understanding
of the subject studied;
(2) A systematic study directed specifically toward applying new knowledge to meet
a recognized need; or
(3) A systematic application of knowledge toward the production of useful materials,
devices, and systems or methods, including design, development, and improvement of
prototypes and new processes to meet specific requirements.
