The Role Of Failure In Innovation

By Mir Imran

Having been an inventor and entrepreneur since the 1970s, I’ve experienced my fair share of failures. Before the development of my first medical innovation, the implantable cardioverter defibrillator, I had started two companies that failed. With every success I’ve seen, there have been countless missteps along the way. I often tell aspiring entrepreneurs that “in the pursuit of disruptive innovation, failure is a constant companion and success only an occasional visitor.”