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The issue of innovation has also been pursued in social sciences and subsequently specifically in the field of application of socio-scientific knowledge. It is not just about professional engineering ethics but we perceive it in a complex and wider social context. Doing good as well as good practice are more than the professional code of ethics or an effort for technical or managerial excellence. Innovative changes should not be parameterized solely by economic efficiency or performance. With regard to new knowledge and technology development, their ethical aspects become more important and focus more on good life. In the context of social sciences with interdisciplinary trends, applied ethics and its subdisciplines (professional ethics, business ethics, ethics of science and research) can take over and play an important practical role. Innovative processes are increasingly becoming the focus of applied ethics, especially in terms of ethical risks. Our mission is to offer an interdisciplinary view of innovation as discussed in the ethics aspect. Based on these considerations, we conclude that ethics need to be integrated into individual innovation processes and adopted as an important condition for eliminating (mitigating) social risks. In our theoretical considerations we offer a view of the scientific risks and forms of prevention related to innovative change in important areas including engineering practice or health protection.