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This standard is applicable to all countries and any type of organization startup or established for developing an Innovation Management System (business, government, non-profits, sports and entertainment, etc.).

Organizations can assess their innovation maturity to the standards requirements and systematically adopt the six elements of the standard to develop their own unique Innovation Management System.

The standards provide the criteria necessary for individual learning, knowledge and management of a business model innovation framework and innovation projects. Innovation objectives and subsequent projects may include creating new or improving technologies, products, services and processes.