What is innovation
and invention?
THE DIFFERENCE. In
its purest sense,
Invention can
be defined as the creation of a product or introduction of a process for the
first time.
Innovation on the
other hand, occurs if someone improves on or makes a significant contribution
to an existing product, process or service.
The innovations include technological inventions such as wind turbines, photovoltaic cells, concentrated solar power, geothermal energy, ocean wave power and many other
}Innovations are vital for business health, survival, and success.
} All innovations start with an idea.
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