A blog with as few words as possible

quarta-feira, 11 de abril de 2007

What is Innovation?

The difference between Research and Innovation is Research is turning
money into knowledge whilst Innovation is turning knowledge into
money
. To make money from knowledge, that is to innovate, the
innovator needs to (i) develop the idea into a product (or a service or process)
(ii) make sure it has a commercial use and (iii) monetize it. This third
step usually requires a lead to exploit, which is why protecting Intellectual
Property is often essential for innovators.



From
Innovation: Great Idea but Hard to Realise
Daniel Doll-Steinberg Friday, 20 October 2006

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