RAND study finds significant social and economic impacts by Lemelson-MIT Prize-winning inventors

Inventors who received the prestigious Lemelson-MIT Prize have had significant impacts on our society, economy, and culture, creating new products, companies, and, in some cases, entirely new industries, according to a new RAND Corporation study released today.“Measuring the Value of Invention,” commissioned by the Lemelson-MIT Program and The Lemelson Foundation, cited significant contributions by the 26 recipients in areas such as biotechnology, pharmaceutical manufacturing, medical devices, computer technology, mobility devices, and energy storage systems.“Their inventions changed the world by solving previously unsolved problems, enabling easier solutions, and improving how society…

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