April 07, 2006

What is Innovation?

Next time you are accused of reinventing the wheel or rediscovering fire, remember:

Innovation is not having a new idea.

It is being bold enough to try again.

Links via Glenn and David.

Posted by David at April 7, 2006 10:10 AM
Comments

By the way - don't you think that's one of the main things that is wrong with the patent system? Patents protect "the idea" rather than the persistence.

There is no shortage of ideas in the world; ideas are not an endangered species in need of protection.

Posted by: David at April 7, 2006 10:17 AM

Those who emphasize "the importance of funding R&D" as *the* key to innovation are making the same mistake. While I don't want to downplay the importance of R&D, it will not result in usable results unless the institutional/social climate is such as to encourage people to follow through. See my post Leaving a Trillion on the Table for an example.

http://photoncourier.blogspot.com/2006_02_01_photoncourier_archive.html#113916125100279886

Posted by: David Foster at April 7, 2006 11:10 AM
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