Invention vs Innovation

Just heard in a QESP webinar on Software Innovation in Australia from Julian Day of the Australia Consensus Awards:

In business, invention is the conversion of cash into ideas, but innovation is the conversion of ideas into cash.

Nice.  I see this is also on wikipedia.  I wonder what’s the original source for this quote?

Comments 1

  • 1. Some time-bouded google search shows that maybe the wikipedia is the original source! 🙂
    2. NICTA’s new corporate value is now changed to “invent”… Am I reading too much into it? hehe 😉