Innovation is the life force of any technology-bound economy. Fail to invent and you fail to stimulate that economy and improve living standards. Innovation requires investment, however, innovation brings profits. solutions, and new jobs. According to a Business week article on translating science into invention, "the vast majority of great research is languishing in filing cabinets, unable to be harnessed by the entrepreneurs and business people who can set it free, if we could improve how well technology is commercialized, we could quickly create millions of science jobs for a far swifter economic boost for the U.S. in terms of actual new goods and services on the market."
One solution to this problem comes from Tom Katsouleas, dean of Duke University's engineering school, who suggests a program called PhD+ that would teach brainy scientists and inventor geeks entrepreneurship skills.
And I say Yes, Yes, Yes.
Do you know how often I see inventors with the most incredible minds when it comes to inventing but are complete duds when it comes to practical matters such as raising money?