I’ve just got the last three numbers of MIT’s Magazine of Innovation:
UPDATE: A good paragraph from February edition…
“The first attempt to commercialize an invention almost never succeeds.
There are two reasons for this. First, the innovator is often early: the really important market for the invention does not yet exist. Second (the point is related), the innovator doesn’t know how to make money from the invention: the business model that will support the invention is imperfectly understood. Usually, therefore, another organization succeeds where the innovator failed. This is sometimes called the Second-mover Advantage.”