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The motivation of this paper is to name the central lines of development in the research field of innovation-related knowledge engineering. This helps to define the starting point for an urgently required interdisciplinary academic discussion about the design of a core ontology for innovations. A review about the currently known ontologies for innovation emphasizes the need for engineering a core ontology for innovations based on a valid consensual understanding of the term innovation. In a universally applicable conception, innovation is characterized as a (re-) combination of purposes and means. A transmission of this conceptualization is presented, visualized and its usage shown through the ontology InnOnto. The paper concludes with implications for future research tasks in the field of innovation-related knowledge engineering.