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Researchers led by MIT Sloan School of Management Professor Eric von Hippel have found that consumers in the United Kingdom spend $5.2 billion annually on product development and innovation for their personal use, far outstripping the $3.6 billion that U.K. companies spend on R&D.

Participants
  • de Jong
    Role: Faculty
    Reference type: Referenced
  • NA
    Role: General
    Reference type: Journalist
Media Outlets
  • MIT News (Online)