The new and original ideas to solve a problem is labeled as an invention. Innovation is the process of creatively improving or developing an alternative solution to an existing problem to create a competitive advantage in the marketplace. Thanks.

An invention is a new method, technology or process which surpasses the normal top creativity level of a person skilled in the art. But not every invention turns out to be an innovation. A true innovation must prove significant benefit in practice.

The concept of innovation covers both novelty and usefulness.

Innovation spans both creativity (or ideation) as well as the successful implementation of these creative ideas into the marketplace.

Invention is related to the ideation phase only ie the raw ideas

The test of innovation occurs at the market acceptance end, ie commercial success

Refer Stevens & Burley excellent paper below on raw ideas and commercial success

Article 3,000 Raw Ideas = 1 Commercial Success!

An invention is a solution to a technical problem: it's patentable if this solution is novel, inventive and industrially applicable.

For further information: Technical Report Innovation and Industrial Property Rights

Innovation is any invention put to commercial use. Other than the invention, innovation is about any novel idea put to use.

Invention is coming up with something new, something that did not exist yet (product, method, process, idea), while innovation, the improvement is of something that existed already by combination, combining different elements old or new. The smartphone is a innovation of the phone, while the phone in its original form is an invention, before there was something like a phone.

Invention is design of new product or process based on new knowledge or combination use existing knowledge while invention is to commercially produce them.

Invention is the creation of a brand new product or device where as innovation is an act of making changes to the existing product or the process by introducing new ways or ideas.

Invention is creating something new and innovation is improving upon an existing idea or product.

Invention means, creation of new idea/technique/product useful for society but innovation means, improvement in the exsiting system/tools/method/products etc.

'Transformation' is a rule that govern everything and promotion of 'Innovation' over 'Invention' is predicted reflects 'Updates' as per global values