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Vince Cable's Government-Based Innovation Keynote Explores Options

By: Jaime Neely - Published: Aug 18, 2012 • References: &
In this government-based innovation keynote, Vince Cable from Great Britain discusses British innovation and the fantastic display of talent in the country. According to Cable, long-term economic growth in a developed nation depends on successful innovation -- in other words, applying new technology in productive ways.

While a lot of successful innovation takes place in smaller firms, Cable also recognizes a pattern of artists and engineers producing remarkable things together.

Cable then goes into a discussion on the role of the government in a country's innovation. He uses the example of renewable energy to explain how governments are able to support the innovation that is spread across a number of different industries and fields. In order for the government to play an effective role within innovation, it must be avoid the influence of politics as well as be open to a number of portfolio options. Stats for Government's Role in Growth Trending: Older & Chilly
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