March 2, 2023
In several newspapers I have read that innovation and entrepreneurship is the way out of the current crisis. I agree, and therefore I would like to plea for governments to create the right conditions.
Innovation is not something a company can do on its own, except for some multi-billion companies. In order to innovate and survive it is necessary to create an open environment and to facilitate cooperation between various entities.
This process can be facilitated with high speed fiber connections allowing for sharing, building, exploring business opportunities. The most important differences from current connection methods are speed (from max 20 MB/s to max 1 GB/s) and synchronisation (from fast downstream, slow upstream to downstream = upstream).
The government can decide to set up an incubator to kickstart innovation in a cluster once the conditions are established. This will initiate, facilitate and accelerate the innovation within the region and thus create wealth.