July 28, 2015

The Role of Government in Innovation, Technology & Entrepreneurship

As technology increasingly outpaces government’s ability to regulate innovation it creates a fluid set of unintended consequences.  A product or services launches before any due diligence on safety or adverse impact has been completed. This leaves consumers and governments to figure out how best to use it. After all, it isn’t the job of an entrepreneur to address marketplace fairness. Their job is to create a product that’s in need.

When this happens, government becomes reactionary with regulation and oversight. There’s no one-size fits all approach because there isn’t one that exists. Innovative technology isn’t created with the intent to respect geography or tradition. Its design is to create a product or service to fill a need.