Economy

The Worst Innovation Mercantilist Policies of 2014

Innovation is a central driver of growth. As a result, an increasing number of countries are seeking to become innovation leaders. Unfortunately, the methods that many choose are grounded in “innovation mercantilism”: a strategy that sees technology-based exports as the key to success while relying on distortive and protectionist tactics to achieve that goal. These practices do not just damage other economies; they damage the entire global innovation system, leading to less innovation and productivity.

A Government Program Every American Startup Should Know About

Each year SBIR and its sister program for non-profits, the STTR program, invest in American entrepreneurs to stimulate technological innovation and address national needs in areas such as health, education, and national defense. Providing over $2 billion in competitive awards each year, SBIR/STTR are the largest source of early-stage capital for innovative small companies in the United States.

Ahead of Barack Obama visit: India, US to start discussion on defense technology, production from Monday

India and the United States will discuss defense technology transfer and joint defense production in Delhi from Monday, in the first major political-military dialogue in the run-up to US President Barack Obama's visit to India as chief guest at Republic Day next month.

Survey Shows Innovation Budgets Increasing in 2015

Newly released data from a recent national survey shows companies are fearlessly leveraging Open Innovation (OI) to develop groundbreaking products, accelerate business results and lead their industries. This means organizations are achieving innovation goals by drawing from resources and solutions outside their own walls, while reducing risks through proven OI methodologies.

Congress Must Act and Pass Advanced Manufacturing Bill During Lame Duck

In the last decade, the United States’ share of the global manufacturing sector has dropped as well. Countries such as South Korea, China, Japan and Germany have a larger share of the advanced manufacturing sector than the United States, and each of these countries has a positive trade balance in advanced manufacturing products. In contrast, the United States had an $81 billion trade deficit in 2010.

Changing philanthropy landscape to fill innovation deficit

A growing number of our wealthiest are stepping up, making major contributions in science through their own private foundations. One example is San Francisco-based Breakout Labs, part of the Thiel Foundation, which funds early-stage companies in areas ranging from food, science and biomedicine to clean energy.

5 questions to ask about emerging technologies

In a few years manufacturing and resource exploitation might be highly localized, services automated, employee productivity and consumer sentiment highly transparent and predictable, and human enhancement widespread. What would this really mean for “us” as individuals and for our economy?

China’s Cyber Attacks Cost U.S. Trillions

Chinese cyber attacks on U.S. businesses and the U.S. government cost the United States trillions of dollars and millions of jobs, the Epoch Times reports. Many experts say Chinese cyber attacks are “America’s biggest threat.”

The best places in the world to launch a start-up

The Global Entrepreneurship Network and the GEDI Institute partnered on the research and development of the Global Entrepreneurship Index, which found that the U.S. leads the world in entrepreneurship, followed by Canada, Australia and the United Kingdom.

Big Companies Say Their Innovation Spending Will Change Significantly Over Next Decade, According to Findings of Strategy&'s 2014 Global Innovation 1000 Study

Large multi-national companies report that they expect the focus of their innovation efforts and investments to change significantly over the next decade -- moving toward a far greater emphasis on riskier initiatives and breakthrough innovations, according to the newly released, tenth annual 2014 Global Innovation 1000 Study from Strategy&, part of the PwC network. The study includes a survey of over 500 innovation leaders at nearly 500 companies.

U.S., China reach historic deal to end tech tariffs

The United States and China reached a historic agreement late Monday that would eliminate tariffs on the global trade of $1 trillion in high-tech products in a development that could support up to 60,000 new U.S. jobs.

Japanese companies beating U.S. firms in innovation

Japanese firms outranked U.S. companies when it comes to innovation, according to a 2014 list released by Thomson Reuters’ IP and Science business. There were 39 Japanese firms that made this year’s Top 100 Global Innovators list, compared to 35 U.S. companies.

Tech industry drawing up wish lists for new U.S. Congress

A Republican majority in both the U.S. Senate and the House of Representatives presents opportunities and challenges for technology-related legislation in Congress. Big industry groups are drawing up wish lists and honing strategy. The following are some of the developments technology and telecommunications lobbyists are watching in the next Congress:

U.S. leads in technology innovation; don’t let other countries steal our secrets

As our economy recovers, businesses need to be exceptionally cautious as other countries may face reduced demand for manufacturing upon which they thrived in the past. Importantly, technology transfer from the United States may slow down and these countries have fallen behind in innovation. This creates a perfect storm for them to catch up with the United States by taking the path of least resistance — by stealing our trade secrets.

The spies who kill innovation

As the Internet connects the world, cybercrime steals from it. Each year, the economy suffers $375-$575 billion in losses due to cybercrime, according to a comprehensive study by the Center for Strategic and International Studies (CSIS). CSIS reports that the U.S. economy suffers $70-140 billion of those losses, more than any other nation does. To put this in perspective, CSIS estimates that those losses amount to 200,000 lost jobs for American workers, roughly the same number of total jobs added in September.

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