As congressional leaders and the president continue discussing ways to stop the number of American jobs leaving the U.S., some believe innovation is the key to slowing this economic trend. In Chihuahua City, Mexico, there is a huge manufacturing base filled with American companies. What's there is a mix of big manufacturers such as Ford and Honeywell and the companies supplying those operations.
Sen. Orrin Hatch (R-Utah), the chairman of the Senate High-Tech task force, is unveiling his "Innovation Agenda for the 115th Congress" Thursday on Capitol Hill. A release announcing the event said that topics would include spurring tech investment via tax reform, and fostering an "open Internet."
By some metrics, China may already be the world’s biggest economy. But America is still #1, and by a long shot, in an equally important field: number of patents registered. Patents may not animate as many discussions as GDP or jobs, but they too are an important measure of economic strength.
“Governments from East to West all want the same thing: economic growth. Now more than ever, world economies must choose whether they will grow forward into the future or shrink back from endless innovative potential,” said Mark Elliot, executive vice president of GIPC. “Each year, this report attempts to highlight best practices among the world’s intellectual property environments. In 2017, many of the same challenges remain.
“This year’s Index shows that a clear pack of leaders has emerged: the United States, United Kingdom, Japan, and the European Union. But all that invest in the systemic recognition and protection of IP stand to reap the benefits: foreign investments, healthier home-grown industries that export innovative products, and a reputation as a place where the world can do business. From the most developed countries to the least, countries that demonstrate a commitment to IP will reap a reward.”
Sen. Orrin Hatch (R-Utah) met this week with major tech firms including Apple and Amazon and will release an “innovation agenda” next week at a Capitol Hill event, a Republican aide confirmed to The Hill. Hatch also met with Oracle, Cisco and Qualcomm, the aide said. In the meetings, which Politico first reported on, discussion topics included intellectual property protection reform, data privacy and high-skilled immigration.
Offshoring production from the United States to factories overseas has arguably done a lot of damage to the U.S. economy. Over the last three decades, the trade deficit ballooned and millions of American manufacturing jobs were lost. And with those jobs, according to analysts, America also lost some of its innovative edge.
The U.S. government urgently needs to transform its approach to space defense. Slow and onerous procurement processes are stunting the innovation necessary to sustaining the nation’s leadership in the national security space arena.
When Gene Cernan, the last U.S. astronaut to walk on the Moon, died only days before President Trump's inauguration, he was a disappointed man. Cernan had predicted after his Moon mission that Americans would land on Mars before the end of the 20th Century. It never happened. Like the Atlanta Falcons in Super Bowl 51, America's manned space program built an early lead, and then (to quote Atlanta's coach) ran out of gas.
Have you ever been part of an innovation project that started off with big ambitions and dreams about coming up with disruptive innovations which are expected to be game changing and end with a me-too or a watered down incremental innovation to an existing product category? I have been part of a few such projects which start with much fanfare and later on become run-of-the-mill projects with no breakthrough’s to show for. I was always interested to understand why is this so?