Invention vs Innovation

The video features a discussion with Andrew Wyckoff on the differences between innovation and invention, highlighting their distinct roles and policy implications. It explores the development of the internet and technological convergence, emphasizing the importance of incremental innovation. The conversation also covers the impact of Uberisation on jobs and the necessity of policy intervention. Demand-side innovation models, such as those used by the Department of Defense, are discussed as effective strategies for fostering innovation. The challenges of green innovation and economic pressures on R&D funding are also addressed.

What are the fundamental differences between innovation and invention, and what are their policy implications?

How does innovation contribute to the commercialization of inventions?

What role does the private sector play in the development of technologies like the internet?

Discuss the concept of 'uberisation' and its implications for the job market.

What are the differences between the W2 and 1099 economy in the context of employment benefits?

How can government procurement create demand for innovation in green technology?

What challenges does green innovation face compared to digital innovations?