[Public service announcement for email subscribers: sorry for the unfinished post you may have received out of the weekend – I was having issues with the WordPress app.]
Innovation is different from invention. Invention means coming up with a new thing; innovation means making that new thing available, affordable and reliable in such a way that people actually go out and use it.
The difference is nicely encapsulated in a cartoon of a beaver and a rabbit looking at the Hoover Dam… and the beaver is saying “No, I didn’t build it, but it is based on an idea of mine.”
That… is the difference between inventing something and innovating something.Matt Ridley – Academy of Ideas Podcast, 7 July 2020