The myth of innovation being led by the private sector (or how to fail to attract investors)

There is a myth about innovation that goes like this:

Innovation is driven by Entrepreneurs in the private sector with the public sector at best a spectator, at worst a blocker.

This is a myth! Life-changing progress requires long-term (i.e. 20+ years) investments, care and the creation of a new market.

Getting it all wrong with investors

Tell the following if you want to fail your presentation with potential investors.

But long-term research is needed

In the last century, only the state (in particular the USA) have sponsored long-term research and made the most significant impact in our lives.

Long-term (i.e. 30+ years) change requires long-term care.

Without the state, we would not have:

Book to read

The Entrepreneurial State: Debunking Public vs. Private Sector Myths

The Entrepreneurial State: Debunking Public vs. Private Sector Myths

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