About technological innovation
Throughout my three decades in academia, I've observed a continuous loop of conversations highlighting the vital role of innovation, reform, and the imperative for pioneering work in research and development (R&D). The principle of "High Risk and High Return" has been a central theme, with a strong push for long-term visions over short-term gains. However, this consistent focus has led to a widespread sense of exhaustion, fueled by the concerning observation that most innovative efforts remain trapped within academic circles, barely touching the wider industrial landscape. Academics making breakthroughs often have limited capacity to steer these innovations towards becoming successful commercial products. Industry-academia collaborations struggle to bear fruit due to a variety of subtle and complex reasons, leading numerous promising innovations to become mere line items on a curriculum vitae, devoid of practical implementation. Finding effective R&D policies that...