Governments and businesses are grappling with the problem of creating fertile breeding grounds for good ideas and inventions, while ensuring that investment and resources are adequately channelled to foster growth.

The budding entrepreneur of today has to negotiate a series of hurdles before he or she can convert a good idea into a profitable business. External financing is increasingly hard to come by and the legal complications that inevitably surround intellectual property and patents can kill off a good idea before it has even had a chance to hatch. However, the sheer number of new start-ups is proof if it were needed that where there is an innovative will, there is an innovative way.