Sherine Nasr in Al-Ahram:
"Innovation distinguishes between a leader and a follower." No more accurate a formula exists to describe the divide between developed and developing countries than that once proposed by Apple's CEO Steve Jobs.Innovation has different implications to a scientist and an economist. "If the applied research doesn't have an impact on the economy, and will not generate money, it is not an innovation," -Hamid El-Zoheiri(RDI),more here
Thus it becomes clear that the commercialisation of innovation -- at least for the businessman -- is what really counts. This brings up the issue of intellectual property rights that should be maintained and protected."We used to value only physical assets, but intangible assets are becoming more valuable. The market value of companies are increasingly based on intangible versus tangible assets,"-Beat Mollet of Nestle
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