Innovation Ecosystems
October 29, 2024 - What is the magic formula for successful technological innovation? In broad terms, we know. You need a country with a sizable market that can absorb commercially viable innovations, state of the art infrastructure, some great research universities that breed top notch scientists and managers with great new ideas, robust capital markets, availability of risk capital and venture capitalists that can harness it, rule of law and independent courts, zero corruption, enforceable patent laws. We all know that these are the necessary ingredients. However, in practice, nobody really knows what the right mix should be.
October 30, 2024