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invention

1,093 Light Bulb Moments: The Many Inventions From The Wizard of Menlo Park

Poornima Apte
May 28, 2020
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Not every Thomas Edison invention turned to gold. In 1893, after he sold his stake in General Electric, Edison invested the money in an enterprise designed to supply iron ore to U.S. steelmakers. As usual, paying attention to every detail, he “designed his own studded crushers that enabled the use of larger boulders lifted by the world’s largest steam shovel,” according to InSight, a magazine published by the Institute of Electrical and Electronics Engineers.

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David C. Chavern: Ideas May Strike Like Lightning, but Innovation Must Be Cultivated

David C Chavern U S Chamber Of Commerce
December 03, 2014
The idea for an invention or a new technology may strike unexpectedly, but innovation — putting those ideas to work in our society and our economy — is no accident. It doesn’t just happen. It must be cultivated. It requires the right elements, working in concert.
 

At the national level, we can and must do more to foster innovation. It will keep our economy humming, our businesses competitive and hiring, our manufacturers producing, our standard of living rising and our wages high.

There are five essential ingredients for innovation:
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