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Sparking the Fire of Invention

Submitted by Karthik on 19 April, 2004 - 03:02

MIT's Technology Review has published a well-written article on a few companies that exist solely for the purpose of invention - unrestricted by board-room policies or bureaucratic short-sight, and revel in their freedom to imagine, create and evlove new ideas and technologies. A fascinating article..

The new venture, Myhrvold says, has no mission other than to invent what the inventors believe should be—or can be—invented. “Invention is the secret sauce,” Myhrvold says. “It has the highest concentration of value compared with any task in a company. But because it’s so risky, it also has the lowest amount of focused effort.” Showing what can happen when that effort is intensified is Myhrvold’s main reason for creating the laboratory, which he is funding in part from his own Microsoft-made fortune.

Sounds like every scientist's dream come true..