Surely though Schumpeter must have been right when it comes to new industrial projects where the technology is already well-understood, maybe research in universities or similar?
Yes, there are a lot of situations where that is true. And as you say industrial projects, and I assume you specifically mean heavy industries, like building a new type of airliner. I agree.
But when it comes to information technology those situations are far and few in between.
But when it comes to information technology those situations are far and few in between.