Adjective has 2 senses

• innovative(s = adj.all) advanced, forward-looking, modern - ahead of the times; "a forward-looking corporation"; "had advanced views on the subject"; "is British industry innovative enough?"; "the advanced teaching methods"

Derived form noun innovativeness₁

• innovative(s = adj.all) groundbreaking, innovational - being or producing something like nothing done or experienced or created before; "a mind so innovational, so original"; "innovative members of the artistic community"; "stylistically innovative works"

Derived form verb innovate₁, noun innovativeness₁