innovation sector

[/ˌɪnəˈveɪʃən ˈsɛktər/]

nounpl: innovation sectors

setor de inovação

1. The part of the economy focused on developing and commercializing new technologies, products, services, and business models

The innovation sector is driving economic growth in developed countries.

O setor de inovação está impulsionando o crescimento econômico nos países desenvolvidos.

2. Industries and companies dedicated to research, development, and technological advancement

Tech startups are the backbone of the innovation sector.

As startups de tecnologia são a espinha dorsal do setor de inovação.

NYC Slang

the startup scene / tech scene

Synonyms

Antonyms

Regional Variations

General Brazilian

setor de inovação

Most common usage across Brazil

São Paulo

setor de inovação / ecossistema de startups

Often used interchangeably with startup ecosystem

Portugal

setor de inovação

Standard European Portuguese usage

on the cutting edge of innovation

driving innovation forward

at the forefront of the innovation sector

pushing the boundaries of innovation

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