Thursday, March 15, 2007

Financial Blocks - The best inventions are free!

If a combination of brilliant inventors and wealth occurred in history it is rarely the case modern times. If there ever were a time where currency is crucial for an invention to rise through the cement floors of documentation, risk assessments, patents, marketing, laws, and safety reports (that all exist for our benefits we might argue), it is the present time. But time could be at a changing point, circling around the dominating investors dictating what inventions are needed!

Many idealistic inventors have had the idea of free applications of discoveries should benefit humanity. Nikola Teslas (1856-1943) dream of free energy is just one of these. He believed so intensively in this idea that he tore up the patent contract that entitled him to royalties on the all the electricity we now take for granted, possibly making him the richest man on earth.
So far the wall every inventor meets is raising enough finances to do research, build and improve. Competition is tough, and money is often earmarked in narrow fields (designed on demand by industry, universities and politicians) like the EU framework program. It may be tough for a totally original idea to be considered in such a context. So what to do when there are no money from the investors?

The current revolution of the IT-era could open a possibility: free innovation. Or perhaps innovation paid directly by the users rather than investors.
Look at the approach of Wikibooks in helping to solve the knot of how to educate people in developing countries. One plan is to write 1000 books of education by qualified people though Wikipedias online tools, and make them available for free. The project is driven, on a book level, by sponsors who wish to be associated with the developing markets. With one new approach, greedy bureaucrats, international politics, and outdated books, are elegantly chess mated.

Independent programmers increasingly release programs, many of them open source, for free use on the internet, and live off voluntary donations. The debated peer to peer internet technology, BitTorrent (by Bram Cohen) is just one example. A technology that is just at its beginning of its applications, and has lead to inventions such as free telecommunication (Skype). Voluntary donations have already spread into many internet based projects from pop culture (comic books, independent music artists) to humanitarian movements (The Hunger Site).

Individuals donating finances to projects rather than big interest based money tanks is probably a trend born from our ego centered culture and the new web technologies, but a powerful trend none the less. It would loosen some of the organized control and allow more chaos and creativity – evolution, in short. Firms also seem to have discovered that paying for exposure (commercials) is a way to finance projects on the internet (eg. The Hunger Site). If the trend develops over the years one can hope that at least some of the international resources could be redirected to help home inventors and great ideas on their feet. Perhaps free for everyone.

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