Invention and Innovation seems to mean the same thing to a lay man but are actually different to an entrepreneur seeking to introduce a new product into the market or seeking to improve on an existing product. One recognized factor that made the two different is the value that will be derived from the new thing. When a new thing in found it is an invention but may be innovation when it will add value to a customer when introduced as a new or improved product. What other factors differentiate invention from innovation from the entrepreneurs view point?
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