Patent could be imagination, not practically feasibile. Invention is idea that has practical realisation. Innovation is realistion on market, ie sold.
What is you innovation ?
Production unit could be service or product (device).
Novelty: Advantages: Value description for customer:
4 types of innovations:
- incremental innovation: improved existing product on existing market in a way that buyers expect. Easy (in one year)
- modular innovation:
- system innovation: architecture change.
- revolutional innovation: