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Matt Ridley: invention vs innovation

[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 RidleyAcademy of Ideas Podcast, 7 July 2020

More on innovation:

Matt Ridley: 15 principles of innovation
Efosa Ojomo on market-creating innovation
Marks and Spencer as disruptive innovators
Marc Andreesen on networks of innovation
… and “Scenius”
C├ęsar Hidalgo on the importance of trust in networks of innovation
Astro Teller on planning, experimentation and innovation
Resource: Clayton Christensen on disruptive innovation
Zen Hae on cross-pollination, imitation and innovation
The innovation in your head…
W. Brian Arthur on combinatorial innovation
Seeds (2): bikes, planes and automobiles
Hybrids (2): combinations and connections

I'd love to hear your thoughts and recommended resources...