Contrary to perceptions, America’s innovation-driven, high-tech economy is not concentrated around hubs like Silicon Valley; it is widely diffused—and every state and congressional district has a stake in its success.
Congress is poised to approve a massive piece of legislation that would provide the National Institutes of Health (NIH) with $4.8 billion over the next decade for a set of research initiatives, including brain and cancer research and efforts to develop so-called precision medicine treatments that are tailored to an individual’s genetic makeup.
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.
This is a special time for technology. Five of the world’s seven most valuable companies are U.S. tech firms. But the core innovations underlying Apple Inc., Alphabet Inc., Microsoft Corp., Amazon.com Inc. and Facebook Inc. are decades old.
The Information Technology and Innovation Foundation (ITIF) today released an open memo to President-elect Donald Trump and his transition team outlining actionable proposals that the new administration can accomplish in its first year to bolster America’s innovation economy.
Over the last year, the Defense Innovation Unit Experimental (DIUx) office has been at the core of Secretary of Defense Ash Carter’s push for greater innovation inside the Pentagon -- so much so that Carter has the unit reporting directly to his office to bypass the typical department bureaucracy and ensure its success. But with Carter not expected to continue in the administration of President-elect Donald Trump, the question of what happens to DIUx -- and its managing director, Raj Shah -- is up in the air.
By all accounts, the Chinese state is on all-out drive to move the country up the technological ladder. As the era of China as the world’s low-cost manufacturer comes to an end, innovation has become the most important element in the state’s development blueprint. Given its ideological leanings, China presents itself as a unique experiment in the power of the state to help the economy become more innovative.
Donald Trump wants to take on "Made in China'' to bring jobs back to America. But the battle is already becoming one of ideas as the Factory to the World ramps up research-and-development spending to become an innovator as well as assembler. China will overtake the U.S. in spending on R&D by 2020 on a purchasing power parity basis, according to analysts from Credit Suisse Group AG.
By and large the United States continues to export our intellectual property so foreign companies and subsidiaries around the world can engage in manufacturing instead of making things in America. Unfortunately, when manufacturing exits a country research and development funding dwindles in direct response, thereby creating an enormous problem for subsequent generations of innovation.
The ties between the Defense Department and commercial technology and innovation keep the U.S. military agile as it meets today’s challenges and remains ready for the future, Defense Secretary Ash Carter said today.