The Missing Ingredient in Innovation

Recommendation

Take-Aways

• Groundbreaking inventions are in the making for many years. They change the world, but their commercial viability becomes apparent only after extensive R&D. 
• Conventional investment channels are unable to sustain the necessary capital flows over the lengthy time horizons required to bring significant new ideas to market. 
• In a “patient capital” financing model, extremely long-term investments from entities such as insurers and pension funds supplement both government grants and traditional funding sources. 

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