Ground-breaking inventions are constantly changing our lives, while true innovations are improving them. In the following lines we are going to discuss the ways in which great inventors and innovators have changed the world and shaped our lives as we know it.

The Meaning of Invention

Inventors have an open and curious mind, and are able to see beyond what is known. Thus “Invention” means to create something that did not exist before, for instance, the light bulb, mp3 players or telegraphy are all good examples of building something that is totally new. In the end… the world needs freethinking inventors because they are the ones who create the learning curve that surfs the tidal waves of change. After all, the Wright brothers didn’t have a pilot’s license, you know!

The Meaning of Innovation

With no intention of getting into the Apple vs. Samsung vs. Sony brouhaha, innovation is thinking creatively about something that already exists, such as, the iPod, which was an innovation on mp3 players. Innovators bring about true change by simple altruism or entrepreneurship. In the world of inventions people always seek out the new things, find it, and then quickly move on to the newer things. The typical characteristic of an innovator is that they are aware of the demands of a changing market place and capture those positive externalities.

Here Comes the Paradox!

Some people just wake up not wanting to be inventors. Instead they solve a problem by making a product they use…better. Since we are talking about innovators, the name of Steve Jobs springs to mind. Remember back in the day, when Steve Jobs had it all? Yes, there was a time when Job’s brainchild Apple roamed the earth devouring everything in its path. Wall Street cheered and we all bowed down to what some people defined as the Edison of our era.

As a true innovator, Jobs’ products were objects of beauty and wonderment. True, we didn’t need a souped-up smart phone, the way we do now, but boy did we want one. This is exactly what innovators do and was a defining feature of Jobs’ genius that is, he subliminally persuaded people to believe that they couldn’t live without what he had to offer. And did they believe him? Yes we did!

While the fame of Apple and Jobs can only be fitted in a Lord-of-the-Rings-like-trilogy, there have been a few other innovations who may have not come close, but can be considered as early counterparts, like iFunding.

Picture this: You want to invest directly in real estate but do not want to run around searching for assets to invest in, deal with brokers/attorneys/property managers, etc and just want to earn a stable return on your investment. This is what iFunding is trying to pioneer. Its website platform allows individuals to get direct access to investment opportunities across USA, review all legal/financial/research documents online and sign the documents electronically to invest instantly from their desktop, tablet or mobile phones.


Bottom Line

History books often lead people to believe that great innovation was the work of a single person/company who had a sudden flash of genius, but the reality is quite different. In most instances, it was not after many years of iterative work that an invention was perfected to appeal to the general masses via innovation!

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