Pour more funds into basic research. Open up federal data stores. Ramp up technical skills education. Open up export markets. And most of all, unshackle and boost the entrepreneur. These are some of the recommendations in a new report on innovation issued by the US Department of Commerce, in consultation with the National Economic Council.
The Competitive and Innovative Capacity of the United States outlines 10 key action items that policymakers need to undertake or support. The underlying assumption is that it’s up to government action and oversight to make innovation happen. Government can get out of the way or lay the foundation for competitiveness. But there also needs to be more recognition that innovation is something somewhat messy and failure-prone that arises from the grassroots as well, by inspired — or discontented — entrepreneurs, professionals and rainmakers both outside and inside organizations. Often, it’s people going against the grain, against the best-laid plans of policymakers, and even against their own corporate managers’ wishes.
To read the full, original article click on this link: 10 actions needed now to boost US innovation: report | SmartPlanet
