He is distinguishing between invention, the thinking up of or creation of a spiffy new thing, and innovation, the general adoption in the wider economy of that new spiffiness to do interesting things.

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This technology is creating new demand for enterprise storage and for the creation and distribution of digital content in general.

FORBES: Explosive Growth in Flash Memory Enterprise Applications

President Obama is forming a new group, headed by General Electric Chairman and CEO Jeffrey Immelt, to focus on job creation.

FORBES: White House Moves Into Re-Election Mode With Jobs Panel