Innovation and economy

A high level of innovation translates into a low cost economy.

Sunday, 9 July 2017

Innovation Ecosystem

Innovation incubation in Israel. Incubators have been giving risk free loans to start ups to the tune of 600000 USD. If the start up fails, they do not have to pay back the loan. If they succeed they pay back 3% per annum royalty.
Failure on the path of innovation is not penalized in Israel.

Sunday, 5 February 2017

Innovation in solar cells by Tesla

Tesla has finalized an agreement with Panasonic to begin the manufacturing of new solar cells.  With double the energy of the first generation battery, these high-efficiency solar cells can power an average two-bedroom home for a full day.  "This will change the energy world forever.", Elon Musk.