Innovation is the engine that drives economic growth. Innovation is what drives entrepreneurs to take their ideas to market, to build businesses, and create jobs. Innovation, though a somewhat nebulous concept, is incredibly important in today’s world, and without it, we would still be stuck in the stone age. Literally.
Innovation’s close ties to the economy are what make it so important. As a society, we want to make sure we do everything we can to foster innovation, because if ideas and action stagnate, our wheels will get stuck in the proverbial mud. Innovation is what has turned places like Silicon Valley into hotbeds of wealth — people are turning their ideas into multi-billion dollar enterprises.
