Innovation is a powerful lever for protecting and restoring biodiversity while creating new economic opportunities. Digital technologies such as artificial intelligence, drones and satellite imagery are transforming how ecosystems are monitored and managed, enabling more targeted and scalable conservation efforts. Non-technological innovations are equally important: biodiversity-friendly business models, certification schemes and innovative policy instruments can help embed biodiversity considerations into markets. Progress relies on collaboration across disciplines and sectors, bringing together environmental science with fields such as data analytics, biotechnology and robotics, and engaging citizens. With the right policy support, including incentives, capacity building and local adaptation, innovation can deliver meaningful impacts for ecosystems and society.