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by oivey
1377 days ago
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Even things like semiconductors benefitted massively from government research and funding. They’ve certainly taken off from there, though. I’m trying to think of what industries this might not be the case for. Research thin industries like entertainment and media? Has the development of things like OLED mostly been by private companies? I guess finance? Seemingly if it involves engineering the government at least made the seed investment. |
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It's also worth noting that many developments are unintended spillover from other efforts. For example a lot of US government money went into producing high purity germanium, which would ultimately enable the development of the solid state transistor, but the government wasn't directly trying to produce solid state transistors, they instead were concerned with producing diodes for radars.
In either case, I would not describe it as seed investment.