Innovation and entrepreneurship as a source of economic growth are an undisputed recipe. Private entrepreneurs, Steve Jobs as the archetype, and the venture capital are presented as examples to follow.
Less frequent it is to recognize the role of the State, with resources provided by taxpayers, as a key player on most important innovations. This is what professor Mariana Mazzucato does brilliantly in her book “The Entrepreneurial State”. Thus, says that 12 fundamental technologies for work the iPhone and iPads, from Internet to mobile technology networks and liquid crystal screens and lithium batteries, are result of publicly funded research. The undisputed genius of Jobs consisted in integrating them and present them in extremely attractive forms for customers, transforming Apple in a corporate icon. Read the rest of this entry »