Society has always been limited by what its people have been able to accomplish. The more they master a certain industry, the easier it becomes allowing them to spend their time and efforts improving their lives and the people around them. Each new change throughout history has propelled society forward to conquer new territory or field of interest.
Behind each new progressive change there have been technological innovations to push people forward. It could have been tools to help during the workday or it could have been something to make living more comfortable. Today innovations are just as important as they have been throughout history but new innovators are facing very real problems when creating their products. This loss not only affects them but also the rest of society who cannot benefit from using the product.
One needs to consider battery power. First, is that batteries die and need to be replaced. Consumers consider this when purchasing items and add the price for all the batteries need into the price of the product. Disposing of old batteries, once finished off, need to be disposed of in an ecologically healthy fashion, either at a collection site, or recycling plant. Requiring a lot of batteries add to this disposal need and the reality is not a lot of people take care of extinguished batteries properly and throw them away with the regular garbage where they end up in the landfills rotting away and exposing their harmful battery acid into the environment.
Batteries also seem to be an ever-improving technology, too, with newer and longer lasting editions are continually being released that by the time a product hits a market its battery storage will most likely be inefficient. It is important for innovators to be wise when it comes to deciding how products are powered in order to be safe and efficient. If batteries are not, then they have the ability to ground a project before it even takes off.
Another problem that can delay an innovation is the product design. The consumers can be a fickle crowd demanding the weirdest little quirk in their products. It takes extensive testing to determine the best way for a product to be ergonomic, or just the right color to attract buyers. This means, that it is attractive but also easy to manufacture and does not create a lot of waste in the packaging.
Striking the right balance between these three things can halt an entire production. There are entire classes dedicated to product design so maybe hiring a professional designer or agency to create the design of a product might be necessary to ensure its applicability and success.
These are debilitating obstacles when it comes to creating the next big thing but they pale in comparison to the need of funding. Each project needs money to do necessary background research so it is known that the product will be well received. Money is also needed for production and distribution of the product and if these needs are not met than the product will fail.
Many innovators overcome this by finding investors, individuals or companies with money who will be able to fund a project for a share of the profits or of the company’s stocks. This is becoming more and more rare after the market collapsed. People are much more cautious about their money and where it goes. Before, risks were seen less threatening and innovators were able to fund their projects but now, with people more guarded with their money, funds are harder to come by.
Despite all these factors, some innovators are coming out with new inventions benefitting society, but they are lucky. Major steps need to be taken to ensure that more people are able to pursue their new ideas to further society and help the economy get back on track.
This is a guest post by Andras D., a fresh guest blogger and a full-time consultant in the diverse fields of new-wave technology and IT sectors. He is currently working with software developers to help them out creating agile and efficient dev teams. Andras recommends CSS Partners when it comes to funding. For more info please visit http://www.csspartners.co.uk.