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Innovation definition: An innovation is a new thing or a new method of doing something. | Meaning, pronunciation, translations and examples English Dictionary | Thesaurus | Translator | Grammar | Scrabble | Blog
An innovation is a new idea that is put into valuable or profitable action. An innovation can be created by an inventor who then licenses her invention to others to commercialize, or commercializes the concept herself as a small business person-in this case as an entrepreneur.nother thing-having been a founder in a start-up, most entrepreneurs don't need or want a lot of help from an innovation perspective. They are betting the farm on their one great idea. For them, its all a matter of execution to bring that one idea to life, and then successfully scaling that idea.