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Innovation und Invention
Worth reading:

Companies wanted to test novel innovation audit tool



The STUTTGART Chamber of Industry and Commerce is looking for companies to test a new innovation audit tool.

Who is interested? Here is the link to the IHK landing page.

An innovation is always in the eye of the beholder or the target group. After all, who benefits from the innovation? Who makes money from it? Is it the inventor or one who develops a business model from the idea the fastest?

“The EU project DepoSIt is developing and testing a new innovation support instrument for small and medium-sized enterprises (SMEs) with the aim of more comprehensively identifying and increasing the innovation potential of SMEs. As part of the project, more than 90 innovative companies across Europe will be able to participate in the pilot study and test a novel innovation audit tool for one year.

Innovative SMEs from Baden-Württemberg that are active in the fields of Smart Health, Smart Mobility or Smart Living are eligible to participate.

The companies are said to have carried out at least one internal or external development project in the last three years and since the tool is only available in English so far, the testers should master it. The test phase will start in October.” Source is the website of the IHK-Stuttgart.

The exact conditions of participation and registration can be found on the website of the Steinbeis Europe Center.

On the subject of innovation, we also recommend our article on “Digitization and Digitization“. everyone is talking about digitalization. Americans use the word differently in context than we Europeans do. Here is the Wikipedia explanation or explanation of Digitization.

We also know this sometimes incorrect or unclear use of words from the translation of “public viewing” or the word mobile phone. The word mobile phone does not exist in the Anglo-American vocabulary. Public viewing is originally the morgue. You can find even more such somewhat crude uses here.

Exciting in this context is the difference between “invention” and “innovation”, which Schumpeter made very early on.

“An invention is not yet an innovation. Inventions include new ideas up to and including prototype construction or concrete concept development in the pre-market phase. Innovation in the economic sense can only be spoken of when its usefulness is recognized and a product, production process or business model is introduced or changed accordingly.” Source Wikipedia from 07.09.2020


Note: This is a machine translation. It is neither 100% complete nor 100% correct. We can therefore not guarantee the result.


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