Innovation is a principal driver of U.S. economic growth. In 2018, the U.S. will spend an estimated $553 billion on research and development -- more than any other country in the world and over 25% of the world’s total -- helping the nation rank No. 4 on the Global Innovation Index. According to the results of the ranking, knowledge and technology outputs are America’s particular strengths.
Start-ups and garage inventors should spend every bit of their energy and capital getting their ideas to the public and pushing the next inventor to compete. Our bill, the STRONGER Patents Act, reforms the PTAB to deliver the original promise of the AIA, giving our inventors a patent system that is truly cheaper, faster, and fairer for everyone.
Probably no other invention has shaped modern life as much as the automobile. They’re a wonder of technology- pistons, gears, valves and wheels, streaming along highways and roads all over the world. For many, cars mean freedom, and the ability to pursue work and travel far from home. Cars also mean convenience-Need groceries ten miles away? No problem.
The U.S. Navy’s newest attack submarine, the USS Colorado, joined the fleet Saturday in a ceremony at Connecticut’s Naval Submarine Base. Navy Secretary Richard Spencer said the submarine is a “marvel of technology and innovation.” U.S. Sen. Michael Bennet, a Colorado Democrat, said the people of Colorado are remarkably proud that this submarine will silently protect the nation’s interests.
First daughter and presidential adviser Ivanka Trump was “really impressed” by what she saw Monday at a school innovation center where students get hands-on experience in engineering, biosciences, insurance and business technology and communications, Gov. Kim Reynolds said.
The question of whether people are born with innovative talent or can develop it has knock-on effects to issues ranging from productivity growth in the macroeconomy to innovators’ wages to the gender gap in entrepreneurship. Here the authors report the results of an experiment that aimed to “create” new innovators.
We're No. 12! We're No. 12! That is not the chant that a proud American might have been cheering at the Olympic Village in Pyeongchang. President Trump isn’t likely to break out this little tidbit of information in his Twitter feed, even though he could justifiably blame it on previous administrations. But, according to a Chamber of Commerce report, that is where the U.S. is now ranked when it comes to protecting intellectual property.
The Chinese patent system has come a long way since the first intellectual property laws were passed in China in 1985. Many would argue that China’s budding patent system has actually surpassed America’s older and more established patent system (which has been around since 1790 when then-President George Washington signed the first U.S. patent) in speed and efficiency and in providing strong patent protection to innovative companies and emerging startups as well as to individual inventors.
The National Science Foundation (NSF) released more detailed information regarding President Donald J. Trump's Fiscal Year (FY) 2019 NSF budget request to Congress. The FY2019 budget request would represent a $7.47 billion investment in strengthening the nation's economy, security and global leadership through research in cutting-edge science and engineering.
Since President Trump’s inauguration, the Office of Science and Technology Policy (OSTP) has built a robust team of over 50 staff members, including a corps of scientists and engineers, policymakers, and academics to advise the President on science and technology (S&T), support the President’s agenda, and ensure that S&T efforts across the Executive Branch are effectively coordinated. [ Full Report ]