In an article posted on newgeography website, the author explores the issue of private vs. public investment in the innovation area.
"Americans Want Small Business Innovation
If entrepreneurship and innovation are the keys to revitalizing our economy, how can the federal government spur this on without the delay involved in creating a new bureaucracy? Is there a proven mechanism in place for evaluating, vetting and administering research funds that can be used to address some of our nation’s most pressing challenges related to the environment, a dwindling industrial base, our defense capability, or the health of our nation?"
ENTREPRENEURS OVERLOOKED IN RECOVERY PLANS, newgeography
The author contiunes to recommend bumping the Small Business Innovation Research (SBIR) program to $5 billion dollars. Worth a read!