What is the difference between an inventor and an innovator?
While there are distinct differences between inventors, entrepreneurs, and innovators, the three roles are actually intertwined and related to one another. While entrepreneurs can have some characteristics of inventors and innovators within them, an entrepreneur is typically more focused on the business side of things than innovators or inventors.
Yet despite all the accolades, not once did the word “invention” creep in. “Innovation,” it turns out, was the word on everyone’s lips. Like so many up-and-coming entrepreneurs, I was under the impression that invention and innovation were one and the same. They aren’t. And, as I have discovered, the distinction is an important one.
Among the most notable inventors is Thomas Edison. While he created many successful inventions throughout his life, none was more influential than the invention of electric light via the light bulb, which he invented in 1879. A couple of other inventors you’ve likely heard of include the Wright Brothers and Nikola Tesla.
Invention is often a creative process. An open and curious mind allows an inventor to see beyond what is known. Seeing a new possibility, connection or relationship can spark an invention.
A new device, method, or process developed from study and experimentation. The phonograph, an invention attributed to Thomas Edison. The process of inventing a new type of computer is an example of invention. A story that is created or made up is an example of an invention.
Answer: An inventor is likely the most creative individual of the three. Someone who invents a product is simply looking to create a new product that has never before been made. In most cases, an inventor isn’t trying to place this invention on the market.
Invention is about making new items, or finding new ways of making items. Innovation involves bringing this new idea to the market, that is, turning an invention into a product. A business can use the law to protect its business idea. Register ownership of an invention or new process and be given a patent.
Primary Focus: The inventor is focused on building a product, service or process that solves a user’s problem. The entrepreneur is focused on building a business and creating shareholder value. The inventor wants to do “cutting edge” research.
What is the difference between an inventor and an entrepreneur? An inventor creates an idea for a new product or service, but that person doesn’t necessarily turn it into a business or see its full potential. An entrepreneur takes the invention and attempts to turn it into a profitable business.
An inventor is likely the most creative individual of the three. Someone who invents a product is simply looking to create a new product that has never before been made. An innovator will attempt to improve on a product that may already be in the market.