In order to create innovations, it is necessary to possess and combine different knowledge and skills, to specify the practical side of applying the invention, to know the market and habits of the target group of customers, and to develop a strategy of market appearance. In order to increase the number of innovators in the future, it is necessary to stimulate creative thinking and develop desirable competences during education, from the education of the youngest generations to the lifelong education of adults. The protection of innovation is necessary for the innovator to have the exclusive right to use and dispose of the innovation, and to prevent interested competitors from using it illegally. Patents have been for long the best form of legal protection for an invention. Patent ownership is a form of ownership that guarantees the owner the right to monopolize the invention for the duration of the patent protection. In this way, the owner can ban any form of use of his invention by unauthorized persons or legal entities, which gives him an advantage over the competition, and provides a safer and better position in the market. In order for a good invention to become an innovation and make it to the market, the ability to commercialize the invention is required. An entrepreneur does not have to be an inventor, however, innovation and commercialization are required to create an innovation-based enterprise. In order to survive in the market, it is necessary to manage innovations, both in frequency and in quality. An innovator must have the entrepreneurial skills to be able to market his innovation, just as an entrepreneur must be an innovator in order to cope with competition and survive in the market. Innovators, who are also entrepreneurs, are most successful in commercializing their innovations because they know how to do business and take the necessary steps that will lead them to be successful in the market. Innovative entrepreneurial projects that benefit society and the economy in the form of employment, paying taxes and increasing local community income should be encouraged.