Type of Innovation
From the totally new to modifications of existing product or services.
Invention: the creation of a new product, service, or process then to be “revolutionary”
Extension: the expansion of a product, service, or process already in existence difference application of a current idea
Duplication: not simple copying but adding the entrepreneur’s own creative touch to enhance or improve the concept and beat the competition.
Synthesis: combination of existing concepts and factors into a new formulation taking a number of ideas or items already invented and finding a way that they can form a new application.