Economy

It takes a village to raise STEM talent

Experts say it’s up to the community -- businesses, colleges, high schools, parents, even politicians -- to stop the bleeding of STEM talent. It’s their collective job to own these kids and make sure youth get on the STEM path and stay there. And stay here after they graduate.

Can We Have Too Many STEM Workers?

Anyone who cares about the U.S. students studying for STEM degrees has to be shocked and alarmed that already, one-third to one-half of new IT jobs are filled by guestworkers. What will happen if industry gets its way and the number of H-1B workers from abroad doubles or triples, while other temporary and permanent visa categories are also expanded to appease tech companies?

Lessons On Innovation From Visionary CEOs

As CEOs seek to grow their business the answer often comes down to one word -- innovation. Innovation is the heart that pumps out new value to existing and new customers.

STEM education the key to success

It goes without saying that this new emphasis on technology means America now needs more qualified STEM professionals than ever, to push our economic growth forward and to create jobs for millions of others. According to data from the Department of Labor, 20 percent of all jobs in the United States in 2011 required STEM knowledge and qualifications.

Innovation Hubs Are Accelerating American Manufacturing

The administration said in 2013 that it hopes to eventually establish a network of 45 institutes across the U.S., up from its original goal of 15. Germany’s Fraunhofer Society, a similar network of 67 institutes, is a partial model for the U.S. initiative.

Promoting Innovation: The Economics of Incentives

Over the past several years the U.S. Supreme Court has slowly, but consistently, eroded what is considered patent-eligible, most recently with decisions on software and gene patents. In essence, the universe of patentable innovations has been diminished. And with it, the country’s economic potential.

Extramural R&D Funding by U.S.-Located Businesses Nears $30 Billion in 2011

In 2011, U.S.-located companies spent $29.6 billion for extramural (purchased and collaborative) research and development performed by domestic and overseas organizations, according to statistics from the Business R&D and Innovation Survey (BRDIS). Read full brief here.

6 Funding Options for Young Businesses

Small Business Innovation Research is a government sponsored program, in which a certain percentage of the research budgets of the 11 federal agencies are reserved for contracts or grants to small businesses. Approximately $2.5 billion is awarded through this program each year.

House patent reformers push Senate leadership for action

That bill, which faced some opposition but was largely supported by the tech industry, included changes to the patent litigation system to increase transparency around which companies were bringing and threatening lawsuits and to create disincentives for companies that bring meritless lawsuits in the hopes of getting a settlement.

Online University Courses Have Growing Pains, But Are Supported By Secular Trends

MOOCs will cope with their growing pains. They’ll do so because the trends driving their adoption are secular, powerful, and likely irreversible. First is the funding squeeze faced by post-secondary institutions. They suffer from an economic phenomenon known as the Baumol Effect.

Why American Manufacturing is Vital to Future Prosperity

The sector comprises 12 percent of the overall economy and greater investments in community colleges and trade schools are necessary. Stronger STEM emphasis in primary and secondary schools in addition to a renewed emphasis on shop classes will help build vocational skills.

California man sentenced to 15 years for espionage

A federal judge has sentenced a California chemical engineer to 15 years in prison and fined him $28.3 million for a rare economic-espionage conviction for selling China a secret recipe to a widely used white pigment.

SBIR/STTR Funds Bridge the "Valley of Death" for Small Tech Companies

Entrepreneurs are only too familiar with this loveless land of shrugs and empty pockets. If you've reached the "Valley," you're somewhere between the initial development of your innovative idea and proof that it has potential in the marketplace. Right now, you need capital to get from here to there, and that's the rub.

Weak Innovation Policy Environment Hampers U.S. Competitiveness, Finds ITIF

Modern, competitive nations rely on three elements that comprise an “Innovation Success Triangle” – business environment, regulatory environment and innovation policy system.

The United States Looks to the Global Science, Technology, and Innovation Horizon

U.S. STI (science, technology, and innovation) excellence and leadership are essential for national interests, e.g., economy, health, security, and environment. It is also important to U.S. diplomacy, its soft power, and efforts to advance peace, prosperity, and security around the world.

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