Below is a comment on innovation I drafted in a competition for a ticket to the IEI Forum. I’m really intrigued by reward-based research incentives… due to space limitations, I didn’t comment on the operations of the X Prize Foundation, which is really deserving of a blog post unto itself.
I could–should–definitely clean up the language and syntax, and probably work this draft into a longer, more coherent piece. For the moment, though, it exists as a couple of recent thoughts cobbled together into something a bit larger. We’ll see what happens from here.
The source of innovation resides neither in the language of tax breaks and subsidizations, nor the walls of a small business incubator or even the loan check for a creative enterprise. These strategies can encourage the launch of a business and help bring creative ideas to life, but the development process relies primarily on the ability of an individual to first begin to imagine an innovative solution. In the 18th century, the British Parliament’s Board of Longitude directly supported individuals engaged in research to develop a reliable technique to calculate longitude at sea, the results of which ultimately secured the British preeminence as a naval power.[1] In more recent years, the Howard Hughes Medical Institute’s Investigator Program has adopted a similar strategy: investment in “people, not projects.”[2]
By recognizing exceptional potential and providing long-term funding, conditional on progress rather than product, this research model has produced some of the greatest and most-referenced biomedical breakthroughs of the last two decades.[3]
The terms of such a program involve higher risk on behalf of the supporting institution, but the potential for reward is much higher as well. If North Carolina wants to demonstrate its commitment to becoming a leader in the burgeoning industries of twenty-first century, the launch of the North Carolina Innovative Research Fellows program would create unparalleled opportunities for brilliant minds to engage in long-term ground-breaking research and development. The state already boasts some of the greatest universities and high-tech research parks in the world: with resources already available, the state could continue to attract highly innovative individuals by tying the Fellowship to obtaining residency for the duration of support.
The state can—and should—explore opportunities to encourage homegrown entrepreneurship and support start-ups. The greatest and most innovative advances will ultimately, however, stem from people, not firms.
[1] “John Harrison and the Longitude Problem.” Royal Observatory & history of astronomy. 2008. National Maritime Museum, Web. 27 Jan 2010. <http://www.nmm.ac.uk/harrison>.[2] “The HHMI Investigator Program.” Howard Hughes Medical Institue, Web. 27 Jan 2010. <http://www.hhmi.org/news/investigator_bkgnd.pdf>.
[3] Ibid.