Innovation is not just technology

Michael Kenward

It is nice when the rest of the world catches up with you. Well, it would be if everyone really had been underestimating the value of forms of innovation that do not hinge on science and technology.

A new report from the National Endowment for Science, Technology & the Arts (NESTA) kicks off with the assertion that "traditional indicators of innovation performance are heavily biased toward investments in scientific and technological invention and so do not capture innovation in those sectors that represent the vast majority of the UK economy".

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