Bringing inventors into the development of new products and services can have a large impact on the economic success of an area. A paper by Dr. Waleed Khan Afridi delves into a method commercializing inventions through associated pools in a way that protects the parties involved as well as gives the best opportunity for eventual manufacturing. He argues that small inventors should support each other in the development of products and share some of the financial benefits of the process. Even though businesses and employees generate a number of new products or services many of them do not make their way into the market. The biggest barrier is the cost of development related to the e valuation of marketability, patentability, and technical feasibility. Even those who traverse the many steps to putting their product on the market are not guaranteed success making the risks versus reward difficult. When new product ideas are created they can be sent to a pool where they are
The blog discusses current affairs and development of national economic and social health through unique idea generation. Consider the blog a type of thought experiment where ideas are generated to be pondered but should never be considered definitive as a final conclusion. It is just a pathway to understanding and one may equally reject as accept ideas as theoretical dribble. New perspectives, new opportunities, for a new generation. “The price of freedom is eternal vigilance.”—Thomas Jefferson