The U.S. economy retains myriad sources of innovative capacity—but not enough of the innovations occurring in America today reach the marketplace, according to a major two-year Massachusetts Institute of Technology (MIT) study.
The report, by MIT’s commission on Production in the Innovation Economy (PIE), found that potentially valuable innovations occur throughout the advanced manufacturing sector—from academic laboratories to shop floors—and in companies of all sizes, from multinational conglomerates to specialized “Main Street” firms.
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