This first installment seeks to explain in its basic concepts the genesis and scientific support of the tool to be used. The Innovation Diamond, with each of the eight points, determines the importance of these as an assessment support against cases related to innovation, be it for a country, city, company, or business sector. In addition, it determines the different scopes that it may have to finally determine priority strategies in this matter to be applied. In the second part, the operative part of the tool will be shown. Once the component and basic actions of the Innovation Diamond have been explained, the genesis and creation of its “green version” is revealed. Finally, this article shows the real scope of the instrument, reviewing each of the cases for which it was used at the level of countries, companies, and academia between 2019 and part of 2021.