Doug Richard
FameRank: 6

"Doug Richard" is an American entrepreneur based in England, who specialises in technology transfer, commercialisation, and Business incubator/business incubation. He best known for his appearances on TV show Dragons' Den (UK)/Dragons' Den and as a government adviser.

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[Carr] seems to talk about the end of innovation, but there will always be innovation. Information technology is not electricity where the unit is an electron; in IT every byte is different. It is what is transported that matters.

If you don't go through that trawl of finding out about patents and protecting your ideas, you will come to regret it. I have never been able to protect an idea in 20 years. I have since found out that I probably could have done so. I would be much better off today if I had been able to protect some of my ideas.

Right now, there are more opportunities for investment in the UK than in the US, and they're better priced as well.

There are many advantages to being based here - it's a more mobile market, and there is access to lower development costs through outsourcing.