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"innovation capability" is correct and usable in written English.
You can use it when you are discussing a company's capacity or aptitude to innovate and create new ideas, products, or services. For example: "The company's innovation capability will be key to its success in the future."
Exact(60)
This indicates that proximate location to innovative neighbors can help to raise the innovation capability of a province.
"What really matters is the core technology and innovation capability.
Nilekani, whose closest equivalent in America is probably Michael Bloomberg, said, "Scale, speed, cost-effectiveness, quality, innovation capability — these were our goals.
The 2 + 2 = 5 happens when the private sector is tapped to utilise our full compliment of assets - technologies, people, expertise, innovation capability – not just money - to help make development dollars go further.
Lord Drayson, minister for science and innovation, has said: "The next few years will test the UK's innovation capability, and while the recession may pose challenges, it will also provide opportunities".
We thus postulate: H2: Innovation capability is positively related to the internationalization speed of EBSs.
Regions thus have different preconditions and challenges to developing the innovation capability of their economy.
The insertion into technical and financial networks, in turn, positively affects the TBC's innovation capability.
This suggests a favorable role for the government in enhancing indigenous innovation capability.
The statistical results show that innovation capability is correlated with institutional support.
In general, the innovation capability of environmental technologies in the east is strongest among the regions.
More suggestions(15)
innovation expertise
development capability
innovation potential
technology capability
innovation competence
innovation capacity
innovation power
innovation capacity building
innovation needs
innovation capacities
innovation capabilities
innovation potentials
innovation capable
innovation skills
innovative capability
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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