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/ˌɪn.əˈveɪ.ʃən/
Translation
Innovation
The introduction of something new, especially a new idea, method, or product.
“The company's success is due to its constant innovation in the tech industry.”
Das ist im Grunde eine neue, frische Idee oder Erfindung, die etwas Bestehendes verbessert oder ganz neu macht.
A new method, idea, or product itself.
“This new smartphone app is a clever innovation for grocery shopping.”
Man nennt auch die konkrete neue Erfindung oder das neue Produkt selbst eine Innovation.