Economy

Improving Innovation Climate Critical to US Economic Future

The conclusion of the PAI is simple: “The United States must continue to protect and champion our innovators who rely on intellectual property in our innovation economy… improving the climate of innovation policy is crucial if the United States hopes to retain its global economic leadership.”

Partnership for American Innovation lends support to White House crowdsourcing initiative

In its new “Strategy for American Innovation,” the White House has thrown open the doors, asking American innovators to help crowdsource ideas that will help drive the future of the natioin’s inventiveness and ingenuity. PAI shows support for the Strategy for American Innovation, citing the importance of a strong IP system to the US economy.

US regulator raises alarm for 'Armageddon-type' cyber attack

After a year of prominent hackings of millions of US credit and debit cards, one of the top regulators regulators of the American financial system has said that the prospect of an “Armageddon-type cyber event” is one of the most significant issues he plans to address in the next year.

House Passes Exascale Computing Bill

"The American Super Computing Leadership Act, is an important update to a current statute which will ensure that America stays at the forefront of supercomputing technology for the benefits it brings to our national security, the economy, and, more broadly, our research capabilitiesas a Nation," said Rep. Randy Hultgren (R-IL) describing this legislation which he introduced in June 2013. Hultgren was joined by Rep. Eric Swalwell (D-CA) in sponsoring the bill, as well as 21 other representatives from both parties.

Industry Group, Internet Innovation Alliance, Warns Against Regulation

Communications network consumers have more choices than ever today, and according to an Internet Innovation Alliance study policymakers should be careful not to invoke broad regulation on a technology platform or service basis.

U.S. Department of Commerce Announces $15 Million Grant Competition to Spur Regional Innovation

U.S. Secretary of Commerce Penny Pritzker today announced the launch of the Economic Development Administration’s (EDA) $15 million 2014 Regional Innovation Strategies Program competition to spur innovation capacity-building activities in regions across the nation.

FCC chairman: US needs greater broadband competition to drive innovation, consumer choice

He said that more Americans do have access to higher speeds -- 80 percent of American homes can get connections of 25 Mbps or better download speeds and a majority have access to 100 Mbps -- than in the past, but the competition among providers at these higher levels isn't there.

US, UK climb competitiveness ranks; Germany falls

The United States has risen two notches in the economic competitiveness stakes, the World Economic Forum said on Wednesday (Sep 3). "The United States improves its competitiveness position for the second consecutive year, climbing two places to third on the back of gains to its institutional framework and innovation scores," said the WEF, which issues an annual ranking. The United States had held the top rank seven years ago but slid to seventh amid the financial crisis.

A technology boom for manufacturing

We are in the midst of an industrial technology and energy systems convergence that is driving a change in Larry Turner. Courtesy: Hannovermanufacturing the world over. In the past six years, the pace of innovation and development in the industrial automation sector has moved into overdrive.

A New American Oil Bonanza

Most of the price of gasoline is determined by the world price of crude, now hovering around $100 a barrel. Turmoil in major producer countries like Iraq and Libya does matter. But the new source of American energy means more supply has been added to global markets -- almost the exact amount that has been taken off the market at times because of unrest in the Middle East and Africa over the last five years.

Is the FAA limiting drone innovation?

“Manufacturers are starting to get anxious about migrating a lot of this technology into the commercial sector,” says Ben Gielow, a lobbyist at Association for Unmanned Vehicle Systems International (AUVSI) -- a Washington D.C. based drone advocacy group. “The commercial market is expected to outstrip the military demand within the next decade.”

Why Internet Access Monopolies Harm Innovation

When antitrust stories make headlines -- as the Comcast-Time Warner Cable merger has -- even well-intentioned analysis often confuses harm to competitors with harm to competition.

An Analysis of Entrepreneurship Indices

Within the past few months, several indices have been released that attempt to rank states based on their entrepreneurial activity. From the perspective of economic development agencies, these indices are particularly helpful in assessing where each state stands according to the numerous ways to measure entrepreneurship.

Forbes Announces Fourth Annual World's 100 Most Innovative Companies List

The list includes firms that investors feel are most likely to come up with the next big innovation. The U.S. dominates the list this year, but one-quarter of the companies on the list are from Asia.

Unlocking America's Innovation Warehouse

Over the past two decades, inventors have collectively spent $100 billion on patent filing and application fees and even more than that to maintain them over time. Yet, 95 percent of today’s 2.3 million active patents fail to earn even one dollar of licensing revenue, meaning they are not finding their way into the economy.

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