New ideas create wealth
Repost from NPR | July 28, 2013
Is technology available for echolocation? Can we see like bats?
Lead scientist Ivan Dokmanic of Ecole Polytechnique Federale of Switzerland started with the question and almost did that! His team discovered an algorithm that could determine the size and shape of the room from echoes.
The applications have not been discovered yet though
Batman, the bats are wondrous animals though.
This is all about new ideas and innovation. Entrepreneurship is all about new ideas and innovation. There could be no entrepreneurship unless the entrepreneur thinks out of the box, is creative, and constantly thinks of making his product, his market, his processes, his business model new. It is all about being better than before and the competition. It is all about preparing for the future. Maintaining status quo means death the end of the enterprise.
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