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The Business of Invention

In a world dominated by the information economy, it’s perhaps easy to assume that ‘unicorns’ (businesses that achieve that elusive billion dollar valuation) can only be found in the realm of apps,…

5 min read

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Don't aspire to be an entrepreneur. Aspire to create something that solves a problem. My message to young people with an idea is build a prototype and test it. Test it again and again, making the changes, learning from failure.

— Sir James Dyson

Inventor & Founder of Dyson Ltd, Bagless Vacuum Pioneer

Transport, natural disasters, the distribution of resources, globalisation – engineers and inventors have the traits and skillset to solve the problems the world faces today. And therefore have the potential to impact the world and economy.

— Sir James Dyson

Inventor & Founder of Dyson Ltd, Bagless Vacuum Pioneer

At Dyson our philosophy has always been to invest in the long term. To power our 25 year pipeline of technology we have just announced a further £1.5 billion investment into new research and development on top of our current spending of £3 million a week. You cannot create disruptive technology without investing heavily in the long term.

— Sir James Dyson

Inventor & Founder of Dyson Ltd, Bagless Vacuum Pioneer

Being an entrepreneur, an inventor, is about having ideas and having the doggedness to see them through… As an inventor your ideas should be based on creating a solution to a problem – a solution which focuses on function over form. Solving problems has been my life's work.

— Sir James Dyson

Inventor & Founder of Dyson Ltd, Bagless Vacuum Pioneer

Inventors shouldn't be afraid to take risks. They should embrace failure and learn from their mistakes. I created 5,127 prototypes of the first Dyson bag-less vacuum cleaner and only the last one was right! Not being afraid to fail is something I think all successful entrepreneurs have in common.

— Sir James Dyson

Inventor & Founder of Dyson Ltd, Bagless Vacuum Pioneer

Don't aspire to be an entrepreneur. Aspire to create something that solves a problem. My message to young people with an idea is build a prototype and test it. Test it again and again, making the changes, learning from failure.

— Sir James Dyson

Inventor & Founder of Dyson Ltd, Bagless Vacuum Pioneer

Transport, natural disasters, the distribution of resources, globalisation – engineers and inventors have the traits and skillset to solve the problems the world faces today. And therefore have the potential to impact the world and economy. The economy can be boosted by exporting tangible technology that is in global demand. This is the hands of engineers.

— Sir James Dyson

Inventor & Founder of Dyson Ltd, Bagless Vacuum Pioneer

At Dyson our philosophy has always been to invest in the long term. To power our 25 year pipeline of technology we have just announced a further £1.5 billion investment into new research and development on top of our current spending of £3 million a week. You cannot create disruptive technology without investing heavily in the long term.

— Sir James Dyson

Inventor & Founder of Dyson Ltd, Bagless Vacuum Pioneer

Inventors shouldn't be afraid to take risks. They should embrace failure and learn from their mistakes. I created 5,127 prototypes of the first Dyson bag-less vacuum cleaner and only the last one was right! Not being afraid to fail is something I think all successful entrepreneurs have in common.

— Sir James Dyson

Inventor & Founder of Dyson Ltd, Bagless Vacuum Pioneer

Being an entrepreneur, an inventor, is about having ideas and having the doggedness to see them through. As an inventor your ideas should be based on creating a solution to a problem – a solution which focuses on function over form.

— Sir James Dyson

Inventor & Founder of Dyson Ltd, Bagless Vacuum Pioneer