Innovation

Why the US isn't getting poorer

So Americans are lucky that they have inherited the innovations of the past, and that real incomes will continue to grow in the future. But that is not a reason for complacency. The US can increase its future growth rate by improving its education system, raising its rates of saving and investment to where they were in the past, and fixing the features of its tax and transfer systems that reduce employment and earnings.

US tech policy needs real tech research behind it, FTC chairwoman says

As the chief US agency charged with protecting consumer privacy, the Federal Trade Commission strives to help foster a marketplace where technology flourishes, while also ensuring that consumer privacy is safeguarded. To do this, we need to ensure that we stay on top of the latest research in data security and privacy.

ITIF Welcomes Newest Manufacturing Innovation Institute and Urges Further Expansion

“We gladly welcome the addition of another manufacturing institute,” said Robert Atkinson, president and founder of ITIF. “This network has been the best addition to America’s innovation ecosystem in the past 30 years. Continuing to expand it will build on that momentum by creating more technical capacity and research infrastructure. Those are the foundations that will lead to new processes and products to keep U.S. manufacturers at the cutting edge.”

Pentagon to invest $75 million in local tech industry

Announcing the initiative Friday at the NASA Ames Research Center, U.S. Defense Secretary Ashton Carter pledged that research into the technology would be headquartered in the South Bay as part of a renewed effort to strengthen ties between the country's military and its private tech sector.

Ashton Carter Creates Pentagon’s First Silicon Valley Partnership

A partnership to develop electronic components that bend—think touchscreens that wrap around your arm, or aircraft wings made of sensors—is the next step in Defense Secretary Ashton Carter's fast-moving campaign to harness Silicon Valley's innovation and invite its companies to help create a next-gen military.

A Map for Engineering Your Next Innovation [Infographic]

Innovation is about bringing together individuals with diverse strengths who can push against each other and build something collaboratively that they never would've come up with on their own. Innovation happens when there is constructive conflict, or positive tension, within an organization-not total agreement.

Innovation: Where the US comes up short

The United States is rated the fifth country in the world when it comes to innovation, according the World Economic Forum. While what actually drives innovation is hotly debated. However, skills, education and opportunities to explore the new and unknown have to be at the top of those forces.

Strong patent system essential to strong innovation economy

Opponents of patents suggest that incentives to innovate exist without patents, and the absence of the property right would make the fruits of innovation more accessible.  Among the problems with this narrative is that it relies on a false assumption—that in the absence of patents, innovation will simply occur in the open, freely available to all.  This ignores the obvious alternative—that innovative ideas will be kept secret, preventing copying by others while capturing the benefits of inventions solely for inventors themselves, in perpetuity.

Obama makes Presidential Innovation Fellows permanent

President Obama signed an executive order Monday making the Presidential Innovation Fellows program permanent, bolstering White House efforts to use technology to improve government efficiency and transparency.

Don’t believe those who tell you American innovation is losing its way

To start with, the evidence that big firms are innovating less is ambiguous at best. The Wall Street Journal calculated that companies in the S&P 500 are spending slightly less (paywall) of their operating cash flow on plants and equipment than they were a decade ago. The National Science Foundation, on the other hand, estimates that R&D intensity—that is, spending on R&D as a percentage of revenue—at large firms has been fairly stable, at around 3%, since 1995, and has even increased at smaller firms.

Don't let FCC stifle Internet innovation

Earlier this year, the Federal Communications Commission announced plans to regulate the Internet under Title II of the Communications Act of 1934. Yes, an 80-year-old statute enacted in an age when the closest thing to a mobile app was a pen has given the FCC virtually unrestrained power to impose enormous burdens on the Internet. At a time when small businesses should be taking advantage of technology, the FCC's decision will instead lead to higher Internet access fees, less investment, and, worst of all, less innovation.

Can Innovation Be Taught?

A thriving economy is based on the ability to develop creative innovations that find a way to do things better. A number of today’s successful startups were born out of that notion — to solve mundane pain points in our everyday lives. The concept also can be applied to higher education: Where innovation is key to a thriving economy, why is it so difficult for us to create an environment where innovation flourishes?

Patriot Air and Missile Defense celebrates 50 years of innovation

Even as the combat-proven Patriot Air and Missile Defense System celebrates 50 years of innovation, revolutionary technologies developed by Raytheon Company are evolving the battle-proven platform to face the threats of today and tomorrow. Although the Patriots rolling out the door of Raytheon's Andover, Mass. production facility have the same name and look as earlier variants, the resemblance is only skin-deep.

The Innovation Act: Debating How to Protect US Innovation

If passed, The Innovation Act would change regulations concerning patent infringement lawsuits. Currently, patent owners can allege patent infringement and file lawsuits without specifically identifying how the defendant has infringed upon the patent upfront. It’s not until the discovery phase when these details are ultimately revealed. By that time, a great deal of time and expense will have been invested on a case that may not have merit. According to EFF.org, many defendants settle rather than paying a fortune in legal fees to reach the discovery phase.

4 tips to foster a company culture of innovation

Companies, like humans, gain comfort in patterns — doing what they've always done because it's considered safe. They're afraid to enter a new industry, offer a product outside their specialty or try a new approach to marketing because failing could be costly. Here are four tips to help your company foster a culture of innovation.

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