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Not only does innovation drive the economy, says Judy Estrin, CEO of JLABS, but it influences the very quality of our day-to-day life, and it is the only way to meet all of our national and global challenges. But real innovation - along the lines of the development of the web browser - needs decades of institutional push and resources behind them to develop. Estrin asserts that we've become too shortsighted and more risk aversive when it comes to developing broad strokes in new technology, and that this cultural shift away from innovative breeding grounds is to our own long-term detriment.
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