Neovationism is an original economic theory designed to place innovation, equity, creativity-focused education, and strategic automation at the center of sustainable economic growth. While traditional economic systems — capitalism, socialism, and hybrids — have facilitated technological and productivity gains, they do not fully incentivize transformative innovation or ensure equitable distribution of benefits. The IDEA framework — Incentivize Innovation, Distribute Equitably, Educate for Creativity, and Automate Strategically — offers a cohesive model for economies to harness human creativity and automation synergistically, producing inclusive prosperity. This foundational paper introduces Neovationism, formalizes its theoretical architecture, situates it in existing literature, and outlines pathways for policy, empirical validation, and future research.