Types Of Innovation (1 viewing) (1) Guest
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TOPIC: Types Of Innovation
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Types Of Innovation 3 Years, 5 Months ago
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Innovative ideas fall into various categories. The category that appeals to us is the one where the ideas are innovative and unique and they also have a good market potential, so you can back them and make money.
But there are some ideas that fall into the category of
innovative but are in a niche market. You can't justify taking the risk of starting a business when you understand and realize the potential is limited.
Sometimes you find ideas that are very innovative but they're too far away from commercialization. They are more like science or research projects -- innovative but more "researchy" .... Those are usually in the domains of universities or governmental institutions and foundations
that are not looking for a financial return but are very interested in advancing that innovation further
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