Invention refers to the creation of a novel product, process, or technology, often driven by scientific or technical breakthroughs. It focuses on developing something entirely new and original. If this invention does not create a leap in value for buyers, it can be useless. On the other hand, innovation encompasses the entire process of bringing that invention to market and creating value from it. It involves not only the invention itself but also the commercialization, adoption, and strategic implementation of the invention within the company’s operations, products, or services. Innovation goes beyond the initial creation and emphasizes the practical application, scalability, and market impact of the invention, ultimately driving growth and competitive advantage in the technology industry.



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