Thomas Edison famously said, “I have not failed 10,000 times. I’ve successfully found 10,000 ways that will not work.” That spirit guides our foundation’s work in Grand Challenges and all our grantmaking. If one avenue turns out to be a dead end, there are always many more waiting to be explored.
Manufacturing’s role is changing. The way it contributes to the economy shifts as nations mature: in today’s advanced economies, manufacturing promotes innovation, productivity, and trade more than growth and employment. In these countries, manufacturing also has begun to consume more services and to rely more heavily on them to operate. k