# What is innovation?
See references for definition by Edmund Phelps.
The important distinction in between invention and innovation: Innovation is when the invention catches on. Making an idea catches on takes a lot of effort as most ideas are non-practical, non-affordable, or non-reliable to start with.
# References
How Innovation Works (p. 4).
The Nobel Prize-winning economist Edmund Phelps defines an innovation as 'a new method or new product that becomes a new practice somewhere in the world'.