This paper posits that “innovation as a competence” depends on individuals and consists of appraisable competencies such as: visioning, ability to generate ideas, internal and external networking, ownership to the organization, stretch mindset, focus on tasks and decision making. Further, these competencies are associated with gender, age and reading scores of an individual and have interaction effect on each other. An empirical model to analyze the impact of the determinants on innovation as a competence and their interactions is constructed and the analysis suggests significant differentiating determinants and fair degree of interaction amongst some of them. The empirical study has been carried out in a midsize Indian information technology company. The findings may facilitate human resource development in information technology organizations, where innovations are considered to be the hallmark for long term growth and sustenance.