Why government ‘fostering’ of innovation is a waste of time
Posted on March 7th, 2007 by Jackie Danicki
First, the studies that the government uses to support its innovation spending decisions are almost all flawed (surprise, surprise). Those in favor of the funding (i.e., those with the most to gain from it) present clearly biased and problematic studies supporting the funding, and the government still hasn’t learned to be skeptical of such reports. [And] the government consistently confuses innovation with invention, rather than recognizing that invention is just a small sub-segment of innovation. Forrester actually suggests breaking down innovation into four separate roles: Inventor, Transformer, Financier, and Broker.
Filed under: Life, Politics, The State Is Not Your Friend
