Select all that apply Identify the true statements about innovations. Multiple select question. A large number of ideas are sifted through and abandoned before the formal initiation of a project. The innovation process is often imagined as a funnel, with many prospective new product ideas going in the wide end, but very few making it through the development process. According to a 2012 study by the Product Development and Management Association, about four in nine projects that are initiated are successful. Most innovative ideas result in new, successful commercial products