The news that Tesla’s market value topped that of GM this week means that for the first time in the automobile era, America’s most valuable car maker is not based in Detroit. Instead, as cars become increasingly reliant on cutting-edge software and new energy technology, a Silicon Valley-based luxury electric car maker best exemplifies this convergence of the mechanical and electronic worlds.
Unfortunately, recent data shows that we are losing ground when it comes to the protection of IP and patents - consequently, we are falling behind in the innovation race. While China has long been seen as a nation which does not respect Intellectual Property and where piracy has been rampant, it appears they may have seen the error of their ways and are increasing their patent protections as we have started to undermine ours.
Speaking at the Center for Strategic and International Studies, former Department of Defense officials said it is still unclear what Trump's specific strategy is for Pentagon spending. They did say innovation will be in the mix, but the question is how it will compete with other priorities and constituencies.
As tech innovations unfold, China is stacking up to the United States as a leading force. Global tech industry leaders indicated, in KPMG’s tech innovation survey, the United States and China are the world’s dominant tech epicenters with the greatest potential to develop disruptive technology breakthroughs that will have a global impact. The strong showing for these two mega-powers is relatively consistent with earlier KPMG surveys, although this year’s poll reflects a slight uptick for China—25 percent compared with 23 percent the prior year.
“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.
As Dr Ronnie Lowenstein Reflects on the Future in 2017, she invites STEM Stakeholders to Partner with ASTRA to Build a Culture of Innovation and Shape the Future. Words of Wisdom Interview captured at the 2016 Women of Color in STEM Conference in Detroit.
The purpose of this report is to shed light on just how widely diffused the country’s innovation-driven, high-tech economy really is, so members of Congress and other policymakers can find common cause in advancing an agenda that builds up the shared foundations of national strength in a globally integrated marketplace.
These events brought together members of Congress, governors, other federal, state, tribal, and local officials, academic leaders, private sector energy leaders, DOE officials, and other stakeholders from economic development organizations and nongovernmental organizations to examine clean energy technology innovation from a regional perspective.
This report examines the importance of patents as a measure of invention to economic growth and explores why some areas are more inventive than others. Why should we expect there to be a relationship between patenting and urban economic development? As economist Paul Romer has written, the defining nature of ideas, in contrast to other economic goods, is that they are non-rival: their use by any one individual does not preclude others from using them.
Accelerating innovation requires both political leadership and private sector leadership. Bill Gates believes the best leaders have the ability to do both the urgent things that demand the attention today and at the same time lay the groundwork for innovation that will pay dividends for decades.