Innovation is a wellspring of growth (Romer, P.M. 1987). Although innovation itself is a continuous process for producing new ideas, productions, services and tools, conducting innovation is highly environment-dependent or platform-dependent (Ping Lan, 2004). The rapid development of information technology forces environments to change at a great speed that also makes great changes to innovation itself in the digital-business environment. Given this background, this paper is an attempt at examining the great changes to innovation brought by information and technology, especially the Internet. Therefore, we put forward a new innovation platform: E-innovation. In this paper, we discuss the definition, management, application of E-innovation; we provide a five-D architectural framework of E-innovation; we also present an example on the application of E-innovation and drive recommendation for E-innovation based on research available.