If we want to promote innovation we need to focus on businesses

"With all of the publicity about research breakthroughs, it is easy to forget that private companies rather than publicly funded research institutions are the centre of the innovation systems. Innovation happens in businesses, and most new businesses come from existing ones. If the system is not working at this level, the returns on investment in research are likely to be low." Read more

Don Scott-Kemmis The Conversation 20 Oct 2015