In it's Christmas edition, The Economist had some interesting points with regards to innovation:
'First, that genuinely new ideas are, well, accidentally stumbled upon rather than sought out; second, that new ideas are by definition hard to explain to others, because words can express only what is already known; and third, that good ideas seem obvious in retrospect.'
Given our remit as a charitable Foundation for funding ideas that are bold, innovative, and useful, this struck a chord with us. The wide remit that we have given ourselves illustrates the fact that what The Economist is saying is valid in any field of endeavour. This is where we want to help, by funding those good ideas that seem obvious in retrospect.
Posted by Tim Fright on January 7, 2008 3:48 PM