Skip to content
MarketScale
‹ Back to IndustriesEngineering & Construction

Innovation vs. Invention with Mike Wilkinson

Mike Wilkinson, the founder and CEO of Paragon Innovations, sheds light on the distinction between innovation and invention. Inventions are groundbreaking creations that introduce entirely new concepts or technologies, while innovations involve improving existing ideas. Differentiating between the two is crucial for approaching projects with clarity and purpose. Inventions defy planning and scheduling, while innovations…

This story was produced through MarketScale. See how Engineering & Construction teams put it to work with Partner & Channel Enablement.

Share

Mike Wilkinson, the founder and CEO of Paragon Innovations, sheds light on the distinction between innovation and invention. Inventions are groundbreaking creations that introduce entirely new concepts or technologies, while innovations involve improving existing ideas. Differentiating between the two is crucial for approaching projects with clarity and purpose. Inventions defy planning and scheduling, while innovations can be more accurately approximated in terms of timelines and expectations. Wilkinson’s insights provide valuable guidance for aspiring entrepreneurs navigating the dynamic landscape of innovation and invention.

Video TranscriptExpand ↓

So Mike, let's break down the difference between innovation and invention. Now innovation is in your company's name. So I think you have a pretty good idea of what what you mean by innovation. So from your perspective, how are those two things different in and invention? Very good question. So, you know, the company is named after innovations because I think that's what we do. Inventions are often misused word, I think. Invventions are true things that were created that were never done before So the internal combustion engine, the light bulb, these are these are inventions. The iPhone, as much as I love the iPhone, I love my iPhone Apple stock. In my book is not an invention, but it's a very good innovation of a cellular portable handheld device. And so I define those two very differently. One is a creation that's invention, innovation taking something and making it better and better and better? Is it important to distinguish between the two just in terms of your understanding so that you're approaching it from perspective of, if it's an innovation, you acknowledge what's come before and say, this is what I will do better and set out to do it. Where an invention really is something that has never been done before, but is it important to distinguish between the two just in terms of your overall goals and your attitude towards a project? It is because I don't think you can plan and put on a gantt chart an invention. You know, Edison tried nine hundred ninety nine times as they say and and found those ways not to create a light bulb. And then finally, on the thousands try or whatever, he he came up with a light bulb. I'm sure you couldn't put that to a gantt chart as to when it would actually occur. In innovations on the other hand, we we know the technology, and we know how long it's gonna take, and we can do a much job of approximating how long it takes to make the next generation of a given type of product.

Engineering & Construction: are you visible to AI?

Before they reach out, Engineering & Construction buyers ask AI engines which vendors to trust. See how AI describes your company today, and where competitors show up instead.

Free workspace

You just read one Engineering & Construction expert. Imagine publishing your whole team.

This article was produced through MarketScale. Create a free workspace and turn your own team's Engineering & Construction expertise into the articles, video, and social content B2B marketing buyers in your industry are searching for. No credit card, no demo required.

NPS +73 · 1,000+ creators · 38+ countries

What you get, free

Your own MarketScale Studio workspace
One video edit a month, on us
AI writing, editing, and publishing tools
In-platform coaching to learn the system

More Engineering & Construction Insights

What Challenges Are Manufacturers Facing Under Annex 1?

What Challenges Are Manufacturers Facing Under Annex 1?

Manufacturers are facing significant challenges under Annex 1, which regulates sterile production processes. Compliance with these regulations is critical for maintaining product safety and quality. Identifying potential risks and implementing effective control measures are key aspects for manufacturers to address.

  • 01Annex 1 presents challenges in maintaining sterile production processes for manufacturers.
  • 02Compliance with Annex 1 regulations is crucial for product safety and quality.
  • 03Manufacturers must identify risks and implement effective control measures.

Aug 3, 2026

What Are the Biggest Challenges Pharmaceutical Manufacturers Are Facing Today?

What Are the Biggest Challenges Pharmaceutical Manufacturers Are Facing Today?

Pharmaceutical manufacturers face significant challenges such as ensuring quality control, navigating regulatory requirements, and managing supply chain disruptions. These issues are intensified by the need for innovation and rapid response to market demands. Companies must balance these factors to remain competitive in the industry.

  • 01Quality control is a major challenge for pharmaceutical manufacturers.
  • 02Regulatory compliance is essential but can be complex and time-consuming.
  • 03Supply chain disruptions require strategic management and contingency planning.

Aug 3, 2026

U.S. warehouse construction jumps 18% as data-center supply chains drive industrial real estate recovery

U.S. warehouse construction jumps 18% as data-center supply chains drive industrial real estate recovery

Industrial real estate construction in the U.S. reached over 305 million square feet in the second quarter of 2026, an 18% increase from the previous year. The surge is largely driven by demand from data-center equipment suppliers. This trend highlights the growing influence of data centers on industrial real estate recovery.

  • 01U.S. industrial real estate construction increased by 18% year-over-year in Q2 2026.
  • 02Demand for new constructions is primarily driven by data-center equipment suppliers.
  • 03Over 305 million square feet of industrial space is under development.

Aug 1, 2026

Explore More Engineering & Construction Insights

Read more expert perspectives from across Engineering & Construction.

Browse Engineering & Construction Hub

For B2B teams

Your experts could be publishing here

Stories like this one run on content MarketScale captures from real practitioners. See how your team's expertise becomes coverage in Engineering & Construction and beyond.

Book a 15-minute demo

Or call us. No forms required. We pick up. 214-945-2512