Back in September 2009 the Obama Administration released A Strategy for American Innovation, a policy roadmap for establishing a long-term, well, strategy, for providing a foundation for innovation in the country that would serve it better than reliance on technology waves that can become bubbles and burst. The three major themes of the Strategy are: Invest in the Building Blocks of American Innovation, Promote Market-Based Innovation, and Catalyze Breakthroughs for National Priorities. In short, provide infrastructure, a research base, and other tools to facilitate innovation, and try not to get in the way.
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