As for advances where there is a hypothesis, it rests on the shoulders of those who've come before. You know from observations that putting carbon in iron makes it stronger, and then someone else comes along with a theory of atoms and molecules. You might apply that to figuring out why steel is stronger than iron, and your student takes that and invents a new superalloy with improvements to your model. Remixing is a fundamental part of innovation, because it often teaches you something new. We aren't just alchemying things out of nothing.