What could be gained by putting science and technology studies (STS) in conversation with innovation studies (IS)? These distinct fields have shared people over decades, as they build concepts, careers, institutions, and even nations. I review how this collection offers accounts of how STS and IS have been practiced in different times and locations: resisting underdevelopment, Western and middle-class assumptions about progress, or technology-centric policy. I argue, however, that it is critical to clarify the difference between innovation as an analytic and as an emic and ideological category. Neither STS nor IS should take for granted the ways political economy, class relations, racialization and gendering, and even national(ist) ideologies shape what counts as desirable forms of newness, what newness ought to be contained or criminalized, and the hierarchies of socio-technical transformation that emerge out of that. I offer three examples: San Diego’s “smart streetlights” program where “innovation” as an ideology devalues or erases the creativity and knowledge already manifest among residents; Amazon® Mechanical Turk worker advocacy and the limits of doing scholarship with policy relevance when workers do not have organized power; and mid-twentieth-century Iran, where I show what IBM® throwing computers into the ocean can tell us about innovation as a form of enclosure, repression, empire, and waste of collective resources and knowledge.