Is Software Innovation only a matter of money?

In the Project Daily blog Ty Kiisel talks about "If the Largest Software Vendors Won’t Fund Innovation, Who Will?".

I think software innovation is not just a matter of how much you spend on your projects. It is more a matter of imagination and creativity, which might only be slightly related to the money you spend. On the other hand it's true that need some or a lot of money to push your product into the market. But that's not innovation.