How can a seemingly rigid, rank oriented and historically bound institution like the U.S. military produce incredible innovation, nearly all from the lower ranks, while corporate America with high compensation, less hierarchy, and far better conditions struggles with creating effective internal innovation? The secret resides in four aspects -- the lack of fear, an action mindset, a combination of insight and initiative, and a duty to the historical legacy of success.
Western media has been quite critical of the Chinese miracle. The usual argument is that China has significant technology gaps, and that it has a long way to go before it can catch up with the West. But DJI is testament to China’s transformation from copycat to high tech innovation.
Patents--rights that governments grant to inventors for new inventions--pervade the modern world. The US alone grants about 300,000 of them annually, mostly for components of, or methods relating to, larger end products. Your smartphone, for example, contains thousands of patented features; but even many seemingly simpler items, such as cosmetics, often contain one or more.
With the goals of fostering technological innovation and boosting bilateral academic research and exchange opportunities, the presidents of U.S. universities and colleges are visiting Israel this week with AJC (American Jewish Committee) Project Interchange. Meeting with their Israeli counterparts, the delegation will exchange ideas on innovation and learning and explore opportunities for bilateral academic collaboration.
In 1957, the Soviet Union launched Sputnik 1, and the U.S. government freaked out. The Sputnik crisis, as it was called, launched the international space race, and the U.S. threw billions of government dollars into aerospace and military projects to keep up with the Soviet Union. A new report by the Atlantic Council claims that now, in 2018, we should be in the middle of another Sputnik crisis, but this time over the possibility that Chinese companies might soon out-tech Silicon Valley and the entire U.S. technology sector.
The Senate voted through a $145 billion spending bill on a margin of 86-5 on Monday, with provisions to fund the Energy Department in the 2019 budget year. The legislation keeps spending level or slightly increases funds for programs offered through the Office of Energy Efficiency and Renewable Energy, as well as the Energy Information Agency. The Advanced Research Projects Agency-Energy received $375 million, the most since its creation.
The Trump administration’s massive deregulation effort and the enactment of the Tax Cuts and Jobs Act passed by the Republican-controlled Congress have done wonders for the U.S. economy. There are now more open jobs than there are unemployed people in America. Wages are increasing, and consumer and business confidence is rising with them.
The United States Patent and Trademark Office (PTO) recognized a milestone of human ingenuity this week that perhaps even the Founding Fathers’ never anticipated: granting the 10 millionth patent. The Founding Fathers who drafted the Constitution understood that strong, enforceable inventor rights are necessary “[t]o promote the progress of science and useful arts,” and went on to establish the U.S. patent system in 1790. Since then, intellectual property protections have been the driver of America’s unique culture of innovation.
Assistant Attorney General Makan Delrahim’s recent policy statements and enforcement actions have re-asserted the historical value of intellectual property rights. He has suggested that the value of these rights have been inappropriately curtailed by the misapplication of antitrust principles, which could threaten the future of U.S. innovation efforts. As a result, AAG Delrahim has begun to restore the balance between antitrust and intellectual property rights, and has moved this important issue to the forefront of antitrust discourse.
The US Patent and Trademark Office (USPTO) yesterday issued its ten millionth patent, for a laser detection system. The patent, called “Coherent ladar using intra-pixel quadrature detection”, was granted to technology and innovation company Raytheon and was invented by Raytheon principal engineering fellow Joseph Marron.