RealTime IT News

Innovation threatened by economic crisis

Reports are starting to emerge about innovation taking a hit due to budget cuts. This is a disturbing development.

As *The New York Times* [reports](http://www.nytimes.com/2008/11/02/business/02unbox.html), companies are struggling to stay afloat in the present, and the future is taking a backseat. Despite the economics, we have to keep an eye on the future.

Howard Lieberman, founder of the Silicon Valley Innovation Institute, tells the *Times* that "creative people don't care about the time or the season or the state of the economy; they just go out and do their thing."

The Institute has an inspiring motto from T.S. Eliot on its [site](http://www.svii.org): "Only those who will risk going too far can possibly find out how far one can go."

Comment and Contribute
We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.