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"innovative partnership" is correct and usable in written English.
You could use it to discuss a collaboration between two entities who have developed a radically new approach to their work. For example, "The company formed an innovative partnership with its rival to develop new technology that would revolutionize their industry."
Exact(60)
In addition, the team has developed an innovative partnership with FEMA Federal Emergency Management Agencyy) to share open-source innovations for emergencies.
Innovative initiative Kenya received the pneumococcal vaccines through an innovative partnership with GAVI, the Global Alliance on Vaccines and Immunizations.
We're extremely proud of this innovative partnership.
Our innovative partnership with EE – GuardianWitness – is a great example.
"This kind of innovative partnership is essential to moving us forward".
Serangoon Road, now airing on ABC1, is the result of an innovative partnership between the broadcaster and HBO Asia.
GuardianWitness, our innovative partnership with EE is a great example of how "open" has been embraced commercially.
It also included the innovative partnership of the Bay Area indie-pop band the Dodos and the Magik*Magik Orchestra, a San Francisco instrumental ensemble.
The delivery of these shelter prototypes has been the result of an innovative partnership between multiple organisations in the private and public sector.
And Hewlett-Packard, which still makes some venture investments, has set up an innovative partnership with Foundation Capital, a firm in Menlo Park, Calif.
That's where an innovative partnership model developed by Midland Heart with Heart of England NHS foundation trust is helping to show the way forward.
More suggestions(15)
bold partnership
innovative corporation
innovative engagement
innovative company
creative partnership
innovative partnering
innovative association
innovative relationships
innovative collaborative
innovative partnerships
innovative cooperative
novel partnership
innovations partnership
creativity partnership
pioneering partnership
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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