innovation-based sector
[ɪ.ˈnɑː.və.ʃən ˈbeɪst ˈsɛk.tər]
nounpl: innovation-based sectors
setor baseado em inovação
1. An economic sector or industry that primarily drives growth and development through research, technological advancement, and creative problem-solving rather than traditional manufacturing or resource extraction
The innovation-based sector includes biotechnology, software development, and renewable energy industries.
O setor baseado em inovação inclui biotecnologia, desenvolvimento de software e indústrias de energia renovável.
2. Industries characterized by high research and development expenditure, intellectual property creation, and rapid technological change
Companies in the innovation-based sector invest heavily in talent and cutting-edge facilities.
As empresas do setor baseado em inovação investem significativamente em talentos e instalações de ponta.
This term is increasingly prominent in Brazil's economic discourse, particularly in discussions about São Paulo's tech hub growth, startup culture, and government initiatives to diversify beyond traditional agriculture and manufacturing sectors. The concept represents a strategic shift toward knowledge-based economy development, mirroring global trends in developed and emerging economies.
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