It’s no accident that mergers are increasing as our economy continues to transform through technology, which itself is driven by corporate investment. Tech has been a key driver of current economic growth -- likely even greater than we’ve been able to measure -- but the spending on research and development needed to bring new innovations to market is frequently risky, costly and complex.
The Apollo program wasn’t all about getting us to the Moon. Innovation and technology developed for those lunar voyages often have had second lives here on planet Earth. Here are eight examples.
The Stronger Patents Act helps move the patent system back toward inventors by clarifying the rules around an open-ended administrative patent court that Congress created in 2011. Since the creation of the new administrative court, the administrative boondoggle has been used by infringers, crony interests, and Big Tech to help stifle innovation and harm inventors.
Innovation -- it’s one of the most elusive and yet important concepts in our world. With the rapid pace of technology, the word conjures thoughts of a Hyperloop, SpaceX moon voyages and other grandiose concepts that are part real, part science fiction. We often credit this rise to the boom in Silicon Valley decades ago, where our world seemed to evolve almost instantly. That era was the dawn of many products and services that have become integral to the fabric of our daily lives.
Now in its 12th edition, the GII is a global benchmark that helps policy makers better understand how to stimulate and measure innovative activity, a main driver of economic and social development. The GII 2019 ranks 129 economies based on 80 indicators, from traditional measurements like research and development investments and international patent and trademark applications to newer indicators including mobile-phone app creation and high-tech exports.
The United States reclaimed its ranking in the top five countries in the world for economic innovation, while China climbed from 17th to 14th position in the new list of nearly 130 nations released Wednesday. The Global Innovation Index 2019 released by the U.N. intellectual property agency, one of its co-sponsors, says “innovation is blossoming around the world” despite an economic slowdown, brewing trade battles and high economic uncertainty.
The Justice Department is launching a sweeping antitrust review into whether the nation's biggest online platforms are reducing competition or stifling innovation, a development that threatens to heighten the risks for Silicon Valley in the ballooning Washington scrutiny of the power wielded by companies like Google and Facebook.
Closing the broadband gap has proved tricky because private internet providers often don’t have financial incentives to build broadband infrastructure over long distances in sparsely populated areas. Some technologists believe the super-fast next generation of wireless technology, 5G, could provide a solution. But there are many skeptics who worry that the same business model issues will leave rural America out, possibly widening the digital divide.
Apollo 11 Astronaut Buzz Aldrin called out a lack of innovation in the aerospace industry during his speech at the U.S. Space and Rocket Center Wednesday night, "that is not very good for 50 years of development," said Aldrin. Aldrin said we as a civilization have not lived up to the famous words of Neal Armstrong when he set foot on the moon. He said he has been waiting for the next giant leap for man kind for 50 years.
In the 30 years since Tim Berners Lee first documented his vision for what would become the World Wide Web, the US has been the primary leader in innovative infrastructure and products that are now core to everyday life. This innovation mostly occurred with startups shielded from legal constraints. That time is coming to a halt, with Europe positioned to overtake Silicon Valley as the ideological heart of the tech industry.