Innovation is not the same as invention, though the lines are sometimes blurred. Innovation is actually about using existing inventions with new methods, new processes, new products, etc. For example, nitroglycerin was invented by Italian chemist, Ascanio Sobrero. But Alfred Nobel innovated nitroglycerin as dynamite. In the engineering world, they say that invention is done by scientists, while innovation is done by engineers.Using existing industrial technology in consumer products isn't innovation, it's just product development and marketing. My observation is the less people are able to innovate, the more they obsess over protecting their IP.
IP can be used to protect both inventions and innovations. In the past, IP was used more to protect actual inventions and innovative products, but these days it is used to protect anything, concrete or abstract, that a company or individual wants to claim. Yes, the more people obsess over IP, the less they are able to innovate. That is becoming more rampant in the West these days.
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