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.

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