Innovation refers to the process of creating and implementing new ideas, products, services, or methods that significantly improve existing standards or solve problems in novel ways. It encompasses the introduction of advancements or changes that add value or enhance functionality, often leading to increased efficiency, effectiveness, or competitiveness in various fields. Innovation can occur in technological development, organizational processes, business models, and social practices. It is a vital catalyst for economic growth and societal progress, driving advancements that reshape industries and improve quality of life. Overall, innovation is characterized by creativity, experimentation, and a willingness to adopt and integrate new perspectives or approaches.
BioNTech is shifting its focus from Covid-19 vaccines to mRNA-based cancer treatments, aiming for market approval by 2026. Despite a drop in annual revenue, BioNTech is committed to advancing research,…