Many talk about and plan for an Internet of Things (IoT) future, but they don’t truly understand the true power of its capabilities. Predictions suggest that IoT will have as much impact on human lives, governments, businesses and institutions as the harnessing of water for steam power, the discovery of electricity and the computer age had on the generations before us.
Representing an updated and expanded version of Senator Coons’ STRONG Patents Act of 2015, the STRONGER Patents Act takes critical steps to improve the patent system. It treats patents like any other property, permitting injunctions to protect patent owners against infringement during and after court cases. It ensures fairness in Patent Office administrative proceedings, limiting repetitive and harassing challenges against inventors.
Robust private-sector investment and prudent regulation from policymakers have helped establish Maryland as a cradle of innovation and a leader in the U.S. innovation economy. Few states can match Maryland's highly skilled workforce, market access and technology-centered policy incentives, and the U.S. Chamber of Commerce ranked Maryland No. 1 in the country for entrepreneurship and innovation.
The U.S. Air Force’s new civilian head wants the service to retake its claim as the military’s innovation pioneer. To do that, it will have to renew investments in basic and applied research that in the past have enabled massive gains in stealth, computing technologies and composite materials, she said Tuesday.
America's corporate tax system is broken, posing a long-term threat to investment, innovation, and job creation in the United States. The U.S. has the highest corporate tax rate in the developed world – higher than France, Brazil, Venezuela, and dozens of other nations. As a consequence, there are $3 trillion in earnings from U.S. companies locked overseas that otherwise could be invested in the American economy. This makes no sense. Our tax laws should encourage investment here at home.
Over the years, China has picked up an image of being a copycat in technology, creating knock-off products already produced in the U.S or elsewhere. That image is quickly disappearing.
With the world changing so rapidly virtually every established company feels the imperative to innovate. Executives, managers and employees across the globe are working hard to figure out how to succeed with innovation. The lessons that are emerging from this work are sometimes counterintuitive and challenge many long held assumptions.
It was an intriguing idea, Kalil thought: Could the U.S. government get better research results if it offered prizes? Could it become a “third leg of the stool”–in addition to contracts and grants – for the federal government to support innovation? “It occurred to me that the government has trillions of dollars contingent on failure,” Kalil recalled in an interview. “Why don’t we make payments that are contingent on success?”