@happyvoter. innovation is very key and important for any country to develop. Trying of new ideas, moving out of the comfort zones will make countries to improve in the economy. Also, I believe Practical applications should be the key in the Universities. There are some Universities and other higher institution of learning where the lecturers are not practical oriented. They are very good in teaching theory and they teach this over the years, graduating half baked graduates.
I also came to realize that universities have difficulty to teach innovation because innovation is something very dynamic and is changing every day. Universities can't make appropriate curriculums to follow that I believe. Thanks for your comment.
You are right!