Innovation (n) 

• the application of new solutions that meet new requirements, inarticulate needs, or existing market demands; 
• something new, novel, and important that breaks into (or obtains a foothold in) a market or society;
• the introduction of something new or different;
  • a new idea, method, or device;
  • an improvement to something already existing;
  • the act or process of innovating.
• a non-linear dynamic system transforming vague ‘concepts’ into ‘solid’ forms in a somewhat unpredictable fashion.

Innovation is creativity applied for a new or novel result.