How Would A National Innovation Foundation Work?
from the or-would-it-work-at-all? dept
The Brookings Institute has called for the government to set up a National Innovation Foundation modeled after the National Science Foundation. The idea is to offer government grants to companies doing innovation. This is an interesting idea, but it raises a variety of questions -- including the government's role in funding innovation. There isn't anything necessarily wrong with government funded innovation, as long as one realizes that it, by default, distorts the market in some manner. The NSF is really designed to help fund the sort of basic research that is much more difficult to get outside funding for -- but which could have some commercial potential. When you start talking about the much more amorphous "innovation," it's going to be a lot more focused on commercial potential from the get go -- which raises some questions about why the government needs to be involved at all. If the market is taking care of innovation, then is government funding necessary?Along those lines, it also brings up the same old questions about how do you determine what innovation really is -- and how do you measure it. The Freakonomics guys just asked a panel of folks how to measure innovation and their answers diverged wildly. The good news is that only one out of the five responses seemed to think patents should be a part of the measure (one other answer mentioned patents as a measure, before noting that using patents to measure innovation was "largely hokum.") Even the one guy who does support using patents in some measures, notes the problems with doing so. Also, the research he quotes in favor of patents only shows that patents are valuable to patent holders (not something anyone disputes). That has little to do with whether or not they encourage or accurately measure innovation.
If we stick with the definition that innovation is the process of successfully bringing new offerings to market in a way that the market wants, then I think it's not as important to "measure" innovation, as to create the right ecosystem for it. That would mean encouraging competition (which drives companies to keep out innovating each other) and take away unfair roadblocks to competition. If a National Innovation Foundation can figure out a way to do that, then it might be quite interesting.
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Filed Under: government funding, innovation, national innovation foundation, research grants
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Nuh-Uhh, don' go 'dare mahn
If the government really wants to spur future innovation, the single most concrete thing it can do is get out of the primary and secondary education business. Completely. Privatize this sector using vouchers. Our schools have become useless, inept institutions and monuments to failure.
Oh...but what I've suggested here is...boo-hoo-hoo...hard to do and will hurt people's feelings.
OK then, lets ignore the real problems and figure out how to force people to innovate.
When you're a liberal, every problem looks like a conservative.
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Re: Nuh-Uhh, don' go 'dare mahn
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yep
What sounds like this would be a good idea for innovation?
Answer: Hell no.
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More X prizes
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Re: More X prizes
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My vote
I'm sorry, the rhyme was more powerful than I... I would define innovation not as bringing the new invention to market, which is commercialisation, but as the creation of something new that could potentially lead to commercialisation. And whether funded by the gov't or my pocket change, ideas have to be thought up, and they have to be good to work. Throw money around all you want, innovation is still going to be driven by a need and some creativity, nothing else.
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Innovation Foundation
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Re: Innovation Foundation
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How Would A National Innovation Foundation Work?
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Cry For Help
It is a sad, sad place to which we have arrived.
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Probably not. Burocracy and Innovation = ???
When asked "How do you systematize innovation?" Steve Jobs responded:
The system is that there is no system. That doesn't mean we don't have process. Apple is a very disciplined company, and we have great processes. But that's not what it's about. Process makes you more efficient.
But innovation comes from people meeting up in the hallways or calling each other at 10:30 at night with a new idea, or because they realized something that shoots holes in how we've been thinking about a problem. It's ad hoc meetings of six people called by someone who thinks he has figured out the coolest new thing ever and who wants to know what other people think of his idea.
Read More:
http://www.businessweek.com/bwdaily/dnflash/oct2004/nf20041012_4018_db083.htm
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The Wrong Way to do It
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NIF award in 2005 for grassroot innovation
Couid you let me know in 2005 who got NIF award for grassroot innovation?
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