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The phrase "a third wave of innovation" is correct and usable in written English.
It can be used to describe a new phase or significant development in innovation, often following previous waves or trends.
Example: "The tech industry is currently experiencing a third wave of innovation, driven by advancements in artificial intelligence and machine learning."
Alternatives: "a new era of innovation" or "a subsequent wave of innovation".
Exact(1)
In doing so, they have created an opportunity for a third wave of innovation within social finance.
Similar(56)
This brings us to today, and the emergence of a second wave of innovation.
There are indications that a sixth wave of innovation is coming and who is guided by the sustainability, since the depletion of resources can cause many companies and countries conquer higher competitive performance to seek innovative solutions to the problem and those that fail to do so may have a loss of competitiveness.
Named "SoLAR", Tonchidot says these titles will constitute the third wave of innovation in the rapidly growing mobile gaming space – following "traditional" mobile games and location-based services like Foursquare or Booyah.
The first wave of innovation is to offer risk metrics and aspire to become the "FICO Score" provider.
Given the aforementioned context, this theoretical essay aims to discuss sustainability as the sixth wave of innovation and how it can affect organizations.
So a second wave of transmission continued.
Then a second wave of attacks began.
The Internet-of-Things (IoT) represents the third wave of computing innovation and relies on small, cheap and/or energy efficient devices, densely deployed in various spaces.
I think we're on the verge of a third great wave of innovation.
"SoLAR" games as the third wave of mobile gaming innovation.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com