It seemed a dire way to ring in the New
Year when in early January, U.S. Secretary of Commerce Gary Locke told
the President’s Council of Advisors on Science and Technology that the
American economy isn’t innovating enough to create advanced new
technologies.
“[T]oday, America has a broken innovation ecosystem
that does not efficiently create the right incentives or allocate
enough resources to generate new ideas, develop those ideas with focused
research, and turn them into businesses that can create good jobs.” He
added, “Our balance of trade in ‘advanced technology products’ turned
negative in 2002 - and has shown
little sign of abating.”
Locke said more resources need to be devoted to R&D, but even in cases where enough funding is being channelled into R&D, “We’re not doing a good enough job getting these ideas into the marketplace.”
To read the full, original article click on this link: Science|Business Back to basics: Fixing America’s broken innovation ecosystem
Author: Lori Valigra
