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Innovation: Difference between revisions

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==Government policies==
[[File:Charles_Herrold_laboratory_circa_1912.jpg|thumb|right|50 W. San Fernando Street in downtown San Jose is the site of the world's first [[radio broadcasting station]], created in 1909 by [[Charles Herrold]], the "Father of Broadcasting".<ref>{{cite web |url=https://bayarearadio.org/sf-radio-history/kqw |title=Bay Area Radio Museum: The Charles Herrold Story |date=12 August 2014}}</ref>]]
Given its effects on [[efficiency]], [[quality of life]], and [[productivity|productive growth]], innovation is a key driver in improving society and economy. Consequently, policymakers have worked to develop environments that will foster innovation, from funding [[research and development]] to establishing regulations that do not inhibit innovation, funding the development of innovation clusters, and using public purchasing and standardisation to 'pull' innovation through.