One surprising takeaway: Silicon Valley no longer rules the roost when it comes to creating hot consumer tech products. But that's because it's already moved on to the next big cycle of innovation. If you're looking for the next viral camera app or social network as evidence of Silicon Valley innovation, you're missing the bigger picture. The valley is still a hotbed of innovation, but innovation looks different now.
The American patent system is the lifeblood of the U.S. innovation economy. Businesses that secure patents innovate at higher rates than those that lack intellectual property; startups and new businesses that hold patents attract capital more easily than those that do not; and startups that obtain a patent are more likely to go public.
Net neutrality is the concept that all internet traffic should be treated equally, no matter what internet service provider (ISPs) is carrying it. ISPs claim such rules stifle investment and innovation. Net neutrality advocates fear repealing net neutrality rules would allow ISPs to prioritize traffic, which would put more power in the hands of larger telecom companies.
Until only a few years ago, talk of China as an innovator would have elicited scorn from most Western business and government leaders. The country was widely derided as a haven for copycats and pirates, or grudgingly acknowledged as an efficient manufacturing platform whose factories depended on the uneasy union of cheap Chinese labor and foreign technology.
A relatively simple way to boost the economy and make America even greater is to fix a patent system gone awry. In recent years, major changes to intellectual property policy by Congress, the courts and the executive branch have thrown the system out of whack, deterring inventors from the kind of innovation that creates jobs and growth.
A Silicon Valley company did something exciting last week, and for once it involved something more significant than a new app to help us kill time on our smartphones. Tesla, the company that already is making electric cars, unveiled a prototype electric-powered semitrailer that can go 500 miles on a single battery charge and is powerful enough that it goes 65 mph up steep hills.
With the House of Representatives having passed its tax reform plans and the Senate having released its version, the uncertainty around the basic existence of the federal EV tax credit, as evidenced by the difference between the two proposals, will be disruptive to the industry. It’s this uncertainty that leads everyone to a fundamental question: If the government chooses to end EV tax credits, will that affect the EV market overall? The answer is yes.
In our hectic daily lives, there’s not much room for innovation. Through trial and error as well as using some good old-fashioned common sense, I have found three simple habits to guarantee innovation every day. As a professional development coach, it’s important that I find space for innovation so I can share transformational techniques with my clients. We are only gifted with so much time in the day. How we use it matters!
During China’s 19th Party Congress in October, President Xi Jinping placed innovation at the center of China’s national strategy. His remarks called for building China into a “science and technology superpower,” particularly as an “aerospace superpower” and “cyber superpower.” He highlighted notable achievements, including Mozi, the world’s first quantum satellite, and China’s space lab, Tiangong.
House Majority Leader Kevin McCarthy, R-Calif., is vowing the GOP's tax reform package will improve "innovation and entrepreneurship -- key drivers of economic growth." McCarthy said the U.S. needs a "dynamic tax code that promotes the competition, risk taking and innovation that is the foundation of the 21st century economy."