A in-depth discussion of innovation, invention and creativity in small business and start ups. John Mills and Ron Burgess who have both started several businesses and consulted to business for decades, have innovated products, systems, processes and niche markets to create new market niches and businesses.

From the Merrium Webster Dictionary:

Invention can refer to a type of musical composition, a falsehood, a discovery, or any product of the imagination. The sense of invention most likely to be confused with innovation is “a device, contrivance, or process originated after study and experiment,” usually something which has not previously been in existence.
Innovation, for its part, can refer to something new or to a change made to an existing product, idea, or field. One might say that the first telephone was an invention, the first cellular telephone either an invention or an innovation, and the first smartphone an innovation.

Invention comes from innovation, but innovation can also be exiting products, services, processes etc. that are simply re-arranged, tweaked, made smaller or larger, simplified or streamlined, placed in a new niche, market or circumstance or combined with another object to create a changed one.

Ron Burgess