Is it true that did the steam engine lead to other inventions based on the following text?

In 1775 Watt formed an engine-building and engineering partnership with manufacturer Matthew Boulton. The partnership of Boulton & Watt became one of the most important businesses of the Industrial Revolution and served as a kind of creative technical centre for much of the British economy. The partners solved technical problems and spread the solutions to other companies. Similar firms did the same thing in other industries and were especially important in the machine tool industry. These interactions between companies were important because they reduced the amount of research time and expense that each business had to spend working with its own resources. The technological advances of the Industrial Revolution happened more quickly because firms often shared information, which they then could use to create new techniques or products.
yes