What are the characteristics of "innovation"?

The characteristic of "innovation" is that joseph schumpete regards the so-called innovation as the sole function of entrepreneurs. Entrepreneurs have become the "soul" of capitalist production, and innovation is the inherent creativity of capitalist economy itself. Without innovation, capitalism cannot be produced, let alone developed. Innovation leads to economic fluctuation or economic cycle, which is different in history and has different effects on economic development, so its cycle is long and short.