Innovation
- Innovation is the profitable implementation of the creative ideas.
- innovation can be defined as something original,more effective and as a consequence it is new to the market or society.
- It also viewed as the application of better solutions that meets the new requirements or existing needs.
The difference between 'Invention' and 'Innovation'
- Invention can be defined as the creation of a product or introduction of a process for the first time.
- Innovation occurs if someone improves or makes a significant contribution to an existing product, a process or service.
Innovation Examples :
1. Solar Panel :
2. Driverless Car :
