Many have said that knowledge is the oil of the 21st century, a vital commodity powering every industry. However, the economy has not yet reorganised around this fact. There are fundamental market failures preventing useful knowledge from getting to the people who need it most. The research and development (R&D) market has been estimated to be worth $1.9 trillion worldwide. Only 7% of this knowledge makes its way to the business world. This is a hugely inefficient market which is ripe for disruption. Under the current system it is particularly difficult for smaller ...
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