noun
innovation
in-uh-VAY-shn/ˌɪnəˈveɪʃn/
The creation or introduction of something new, or the new thing itself.
The stair-climbing wheel arrangement is an innovation that helps the cart climb steps.

Etymology
Built around “new,” innovation first meant restoration or renewal. It shifted from the act of making something new to a new thing introduced into an established arrangement—the idea, method, or invention itself.
In context
how I am typically used to seeing innovation is we have this great idea what's the cheapest way to make it
More examples
- This simple innovation makes the jar easier to open.
- Medical innovations help doctors detect diseases earlier.
- A lack of funding slows innovation in public transportation.
Forms
innovation · innovations
innovate verb — To introduce new ideas, methods, or products.
innovative adjective — Using or introducing new ideas or methods.