💡 What's the difference between invention and innovation?

Invention vs Innovation. What's the difference between invention and innovation? Why some inventions change the lives of the people and some are abandoned and forgotten even if they are brilliant?
Learn Austrian Economics in a fun way!

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[mariosebok]

Invention = Applications of Technology (Incremental or Radical) Upgrade
Innovation = Sucessfull Marketing & Sale of Inventions or Changes

[OneGlass]

I feel like I am repeating myself, but here we go again. An outstanding educational piece of work, especially in an era where the word 'entrepreneur' has lost a lot of its glory.

[liamsherping]

the guy narrating this video is the Innovator and the guy who wrote this script is the inventor

[victorlungungu]

Thank you because you help me to find my place in this world through your video.

[TheSpokenWizard]

Inventors create and innovators find purpose.

[marunio]

Your video shows how important are both roles. Invention without innovation is almost nothing.

[d_reeves]

Nikola Tesla was the inventor, Thomas Elva Edison was an entrepreneur.

[BrianScudamoreOE]

Thanks for sharing this great educational video! I completely agree that entrepreneurs are the father of innovation. Innovation is all about listening to each other, your partners and everyone around you. This is how you become successful and profit off of your business and invention. Great content on here! Can't wait to watch more :)

[rolesk]

As ways great video my friends!!! Keep the Hard work.. Still missing your old voice 😂

[calvinchew]

Inventions precede innovations but NOT all inventions turn into innovations. It takes wide acceptance by the masses who r seduced by u guess it "entrepreneurs..."

[fkhdls]

Wozniak was right. Jobs was little more than the PT Barum of the digital age.

[leelee-rfpx]

Цен на продукцию как и в каком виде нужно

[pongop]

The average workers are the ones who actually create the value and wealth that the CEOs enjoy. CEOs are really worth 351 times (on average) more than the typical worker?

[nazigol]

Then why don't we call the entrepreneurs innovators? Why there are two words?

[prilep]

I think Jobs was inventor but Wozniak was innovator.

[mkb]

As an inventor, if I don't expect any fame or money, if I am doomed to see my invention being used (exploited) by an "enterpreneur", then I have no motive to invent anything and better don't invent at all.

[johnpost]

What?? NO way! Technology is new and innovation in relatively. Real Technologies are products that function on the basis of isolated natural laws, this means technology functions on it's own (independent of something else).

[tarkamancaniaxiretesaxla]

Before Leonardo da Vinci, a muslim, Abbas ibn Firnas was the first made his flying machine in the year 875 that was constructed on a frame of bamboo. He covered the bamboo frame with lightweight silk cloth and feather of eagles. The wings of the flying machine were not static, but could be controlled during flight.
He invented also transparent glass, water powered clock and etc there are hundreds of inventions from muslims very interesting. f.ex al gebra, first optical discoveries, ...so on on

[cinemaessence]

A black man created the refrigerator . A black man created peanut butter, not Jiffy.

[purug]

It is safe to say then ancient India is home for many inventions and Innovations. I wonder how it was skipped by author/narrator as an example. Asia is made up of India and China.