Banking and insurance have been around in rudimentary form, but their function has never been extended as it ought to be. In fact, such extensions are most likely illegal under political government. Now you ve got me interested. Like you bet your money on a risky venture and loose your shirt and the insurance company picks up the tab. There you go with that innovation business again.
Patents also discourage innovation and competition.
Copyrights are cheap and easy to get, all you have to do is write the word on the page, but are also expensive and difficult to protect. And both have time limits. Yes, the Innovation Clearing-House. It begins with a simple Registry where you can list your innovation and have it time and date stamped. You can encrypt it.