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:

Online course–ep245