Long-Term Investing, Infrastructure and Development

The missing ingredient in innovation: patience

A United Launch Alliance Atlas V 551 rocket blasts off from Cape Canaveral Air Force Station in Florida, January 20, 2015. The unmanned rocket blasted off with a next-generation communications satellite designed to provide cellular-like voice and data services to U.S. military forces around the world. Picture taken using long exposure, looking over the campus of Florida Institute of Technologies in Melbourne, about 40 miles from the launch pad. REUTERS/Michael Brown  (UNITED STATES - Tags: SCIENCE TECHNOLOGY MILITARY TPX IMAGES OF THE DAY) - GM1EB1L0SXU01

Investors need to expect a long lag time between idea and take-off Image: REUTERS/Michael Brown

Mark Dodgson
Professor of Innovation Studies, The University of Queensland
David Gann
Pro-Vice-Chancellor, Development and External Affairs, University of Oxford
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Long-Term Investing, Infrastructure and Development

Image: Brian Trelstad, Kauffman Fellows
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