politik! (Score 4, Insightful)

Unfortunately the modern beauracracy and political structure just doesn't value innovation. Patents, grants and research facilities are becoming harder and harder to access. On top of that, multinational corporations are pushing the little guy and his innovative ideas out of the market, so that the only innovation that remains is profit-driven and commercial, which more often than not locks us into the age old cycle of repainting the tiger's stripes and selling him as a new animal because anything too radically new 'wouldn't grab the market'. And government institutions are consistently failing to innovate because their focus is not development, but rather generation of jobs = votes, and any new innovations might risk public sector jobs (NASA, anyone??)

All the great innovations of the past took enormous risks, and sometimes they failed. It's great to see some private companies with the financial backing there taking those risks (Armadillo Aerospace, Scaled Composites...etc) but it's a pity that government makes it so difficult.

Who knows how many brilliant innovations have gone unnoticed because the inventor didn't have the money to run R&D privately and couldn't be bothered with the government red tape...I think that we should be encouraging private innovation because you never know where the Next Big Thing is going to come from!