Invention and Innovation , both belonging to a same context are very much different .
| Invention | Innovation |
|---|---|
| An invention is a unique or novel device, method, composition or process. The invention process is a process within an overall engineering and product development process. | Innovation is the realization of a new idea or invention , whether it be a societal benefit, commercialization, market entry, or monetization. |
| Invention is the first occurrence of an idea for a new product or process | Innovation is the first attempt to carry it out into practice . |
| It is characterized by ideas and prototypes . | It is characterized by substantiative changes , improvements and delivery . |
| Invention is coming up with a new and unique way to solve a problem . | Innovation is creating a workable efficient solution which can be put to use . |