Meaning of “innovation” in the English Dictionary

"innovation" in American English

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innovationnoun [ C/U ]

us /ˌɪn·əˈveɪ·ʃən/

a new idea or method, or the use of new ideas and methods:

[ U ] The recording industry is driven by constant innovation.
[ C ] His latest innovation is a theater company that will perform for schools.

(Definition of “innovation” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"innovation" in Business English

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uk /ˌɪnəʊˈveɪʃən/ us

[ C ] a new idea, design, product, etc.:

innovations in sth recent innovations in technology
Product innovations lead to an increase in effective demand which encourages an increase in investment and employment.

[ U ] the development of new products, designs, or ideas:

He says universities should work with the private sector to foster innovation and entrepreneurship.
Their success lies in combining an effective innovation process with superior product concept.

(Definition of “innovation” from the Cambridge Business English Dictionary © Cambridge University Press)