Slowdown of invention and innovation could be led by the economic insecurity

During a wartime, we can see a rapid development of all military related technologies and some of these technologies can be used in our daily life as well. However, we should never use war to stimulate innovation and invention. Therefore, we need other ways to encourage more innovation and invention. Currently we have a financial system that awards invention and innovation that angel investors provide these developers with financial supports. Moreover, universities also use their researches as a source of income. Everyone knows the importance of invention and innovation. Despite these factors, we still see a slowdown of invention and innovation. I think that the slowdown of invention and innovation has a close relationship with our economic performance. Not only the economic growth is driven by invention and innovation, but invention and innovation have to be backed by a good economic performance. The developers have lower awards and higher risks when the economy is not in a good shape, the financial support available is more limited compared with when the economy is at its boom. Therefore, I think that we have a relatively good awarding system for invention and innovation, but instead of worrying about the slowdown of innovation and invention, we should focus more on stabilizing our economy in order to provide a friendly environment for these developers.