Gazprom is due to be the first company to begin commercial oil production in the offshore Arctic, with drilling to begin next year.

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It was only this month that France approved commercial production of its first genetically modified crop: a pest-resistant maize from Novartis, a Swiss drug and agricultural company.

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Solid-state lighting as an industry is actually fairly young, with commercial production of white light LEDs first starting less than 20 years ago.

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Boeing has said it will quicken production of its profitable 777 commercial planes, and delivered its first 787 last year.

FORBES: Move up http://i.forbesimg.com t Move down

Under the benefaction of former military President Ibrahim Babangida, he was awarded an oil production license and went on to become the first Nigerian to strike oil in commercial quantities.

FORBES: The Black Billionaires 2013

Private industry's technological advances, operating under state regulation, increased U.S. production last year at the fastest rate in the history of the domestic industry, which drilled its first commercial well in 1859.

WSJ: Review & Outlook: Drill, Barack, Drill