The measure of innovation is patent registrations? I'm not convinced by this measure. Sure, it allows them to draw a nice graph, but if the underlying data is trash, the graph is less than useful.
Nice to see Brisbane, Australia on there, although the whole reason I left is because it certainly didn't seem like a "hot spring". That said, universities there were certainly doing some great research (very cutting edge all things considered), and getting a lot patents, etc.
I think the author is missing the point. You can find people anywhere in the world to fund a website that "shows cat videos" as long as you don't approach investors with that thesis. And really, it's ok to fail anywhere, not just Silicon Valley. It's what you learn from it that counts. Sure, it's probably not ok to fail because you became a heroin addict (even in Silicon Vallye). But if you're a computer scientist in Utah that tried to come up with, for example, new encryption methods for banking software security but failed to get funding, does that make the technology itself irrelevant because your business failed?
Hot springs, dynamic oceans, silent lakes, and shrinking pools??<p>Sometimes consulting doesn't seem like such a bad career, then reality smacks me in the face.
Original source:<p><a href="http://whatmatters.mckinseydigital.com/innovation/building-an-innovation-nation" rel="nofollow">http://whatmatters.mckinseydigital.com/innovation/building-a...</a>