The difference between invention and innovation is
A)Invention requires an inventor, innovation requires no individual person
B)You must innovate before you invent
C)Invention is the development of new knowledge, innovation is the commercialization of it
D)An inventor is guaranteed a payment, an innovator is not

Question

Quizplus · Accepted Answer

Invention refers to the creation of a new idea or product, while innovation is the process of implementing that idea or product into the market. Therefore, invention is focused on developing new knowledge, while innovation is focused on the commercialization and implementation of that knowledge.

The Difference Between Invention and Innovation Is