1) Progress & innovation is not a function of time, it is a function of R&D budget and R&D efficiency.

Generally R&D efficiency is the most important; It can easily vary by orders of magnitude depending on strategy, engineering philosophy, culture & execution.
Continued...

2) R&D efficiency comes from; A) Thinking multiple steps ahead to choose a strategy/path that dodges deadends & bottlenecks, B) Optimising the mix of human labour hours, materials spend & automation in your budget

3) C) Utilising Cost of Goods Sold as additional R&D by learning from production experience. D) Use agile development with flexible infrastructure to allow rapid rollout of new designs,

4) E) Always question your assumptions & the assumptions of industry experts. F) Motivate staff to believe in the urgency & value of the project. G) Don’t surrender to the sunk cost fallacy.

5) Increased $ R&D budgets are important too but throwing more money at a problem can often just get cancelled out by lower R&D efficiency if you don’t fully think things through.

6) Many of these things come together in Wright’s Law & experience curves, but something often missed; industry learning rates are variable depending on R&D efficiency.
Long thread on Wright’s law: https://twitter.com/reflexfunds/status/1223932435240554496

7) Or as @baglino says: “Intention, intelligence and innovation, make it happen!”