Concept selected: Acquisition or lease of tangible assets for innovation

Definition

The acquisition or lease of tangible assets can be innovation activities in their own right, such as when a firm purchases or leases equipment with significantly different characteristics than the existing equipment that it uses for its business processes. The acquisition of tangible capital goods is generally not an innovation activity if it is for replacement or capital-widening investments that are unchanged, or if it consists of only minor changes compared to the firm¿s existing stock of tangible capital.

Source

Statistics on R&D activities and Tecnological innovation in companies survey. Methodology

Topic
Statistical operations (links to the Inventory of Statistical Operations)
Concepts associated

There are no related concepts