Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services.
Innovations are commonly thought of as new and game-changing. However, many innovations are improvements on something that already exists. For every invention like the iPod or the television, there is also a faster car or a stronger material that is being produced. All of these are innovations. What’s more important than the type of innovation…
Turns out, Europe’s failure to encourage ambitious entrepreneurs is growing ever more as an additional growth crisis to the already pressing general economic euro crisis. The Economist means that in a country with a culture that’s deeply inhospitable to entrepreneurs, wanting to grow a start-up into a behemoth is quite as counter-cultural as piercings and performance…
Norway is arguably at the forefront of marine technology and innovation. One of the more recent products of Norway’s efforts in this arena is the Far Solitude – the first of a new class of vessels overflowing with novel marine technology that serves to make shipping safer, cleaner, and cheaper too. Created to function as…
ByTED
Social science researcher Michael Norton spends his time dedicated to learning more about how we feel about what we buy and spend. In this universally applicable TED Talk Cambridge, Norton refutes the age-old saying “money can’t buy happiness”. Only, he throws in a twist. In his research, Norton has discovered that it is indeed possible…
Paul Krugman, a Nobel prize-winning economist-cum-polemicist, argues that it is difficult to think of any noteworthy financial breakthroughs that have benefited society in the past 25 years. Joseph Stiglitz, another Nobel laureate, has highlighted the fact that most financial innovation in the build-up to the financial crisis “was not directed at enhancing the ability of…
ByTED
Materials engineer Donald Sadoway is on a mission a to create a battery like none before – one that is inexpensive, efficient, and created from “liquid metal”. In this intriguing TED Talk, Sadoway shares that the key to successfully unlocking alternative energy, he believes, is torage. This us what allows such alternative energy (including solar…
