Virtual Engineering based design lays the foundation of the product data description that can integrate processes involved in a product's lifecycle and contribute in making the manufacturing system intelligent, smart and cost effective.This demands enabling the computer-based technologies to easily communicate to each other with no or less human intervention. Though some of the technologies in this area are sufficiently matured, there still exists significant research to be done in order to achieve real intelligent processes. As indicated earlier, this can be possible if the product data is completely and correctly built in the CAD model and the smooth transfer of this data to other components in the system is enabled through further research. Innovations are new idea, device or process. Innovations are the application of better solutions that meet new requirements, inarticulated needs or existing market needs. It is proficient through more effective products, processes, services, technologies, or new ideas that are readily available to markets, governments and society. Innovations are something original and novel, as a significant, new that “breaks into” the market or society.