Innovation

Driving Innovation From the White House

The White House will host its own Demo Day (#WHDemoDay) on August 4. "Unlike a private-sector Demo Day, where entrepreneurs pitch their ideas to funders, innovators from around the country will join President Obama to "demo" their individual success stories and show why we need to give every American the opportunity to pursue their bold, game-changing ideas," said Kalil, who called it chance to promote an inclusive innovation economy.

STEM Teaching Needs Reboot

The time for talking is over. A group of research-active science faculty members has called for "immediate change" to improve the quality of university STEM education. That means cutting out the lectures and replacing them with activities that will engage students in learning core scientific concepts and skills in science, technology, engineering and math.

Productivity, growth and intangible capital: a short history lesson

Earlier this year, Andrew Haldane, Chief Economist at the Bank of England, gave a fascinating speech on "Growing, fast and slow." In it he succinctly sums up the history of economic growth. As he notes, "If the history of growth were a 24-hour clock, 99% would have come in the last 20 seconds." Given that economic growth is a very new phenomenon, he goes on to look at where growth comes from. Specifically, he outlines the difference between the Neo-Classical exogenous growth model (where innovation is an outside random factor - "manna from heaven") and the "New Growth Theory" endogenous growth model (where innovation is a function of internal factors).

How To Make Innovation Happen

In a recent webinar, Stefan Lindegaard, widely recognized innovation expert and author, walked us through what he regularly sees in the corporate trenches as real-world obstacles to innovation. Working with a global, cross-industry client base of companies that is actively trying to innovate reveals consistent stumbling blocks and ways to produce better innovation outcomes. Here are some of the key insights he shared about innovation:

Does Anyone Really Want Innovation?

The Uber situation demonstrates the lengths to which people will go to protect their interests when “undesirable” innovation comes calling. If minor adjustments to the existing business model don’t work, you can expect fearmongering, calls for government intervention (usually, and ironically, in the name of customer service and safety) and lawsuits. In an imperfect world, only about half of the work of innovation involves creating a new product, service or business model—the other half is dealing with all the sour grapes.

Bill Gates Is Funding Clean Energy Innovation -- That's Great, but Let's Not Forget Current Deployment

Bill Gates, an early investor in clean energy, recently made a new $2 billion commitment to fund new renewable energy research. This is a significant show of support from an industry and policy leader who cares about the issue and understands the need for action. However, in announcing his commitment, Gates said that current renewable technologies could not sufficiently "bend the curve" to get the job done, except at astronomical cost.

Congress, Silicon Valley Spar on Tackling Patent Trolls

While curbing abusive lawsuits is a noble goal, opponents worry a congressional push could stifle innovation and punish the wrong people. "We cannot afford to rush into passing a bill that would further weaken our innovation economy, which is exactly what the Innovation Act would do by making broad changes that fail to protect all patent holders," said Coons, who was joined at the event by Sen. David Vitter, R-La., and Reps. John Conyers, D-Mich., Thomas Massie, R-Ky., Bill Foster, D-Ill., and Scott Peters, D-Calif.

Innovation does exist in Washington

If you fear for America’s future, do yourself a favor and visit the Smithsonian’s National Museum of American History in Washington. To restore your faith in the future, though, walk downstairs to the new Innovation Wing on the first floor. Opened July 1, the 45,000-square-foot space houses 12 exhibitions that explore American invention, creativity and business.

What Will You Give Up to Make Room For Innovation?

At the heart of every great innovation is a great compromise: in order to start something new, we have to stop something old. Think of it as a deal you make with yourself -- the things you'll give up in order to make room for future growth.

Tech CEOs press House leaders for patent vote

Major tech executives sent a letter to House leadership on Thursday pressing for passage of a patent litigation reform bill. Executives from companies like Google, Yahoo, LinkedIn and Yelp cautioned that a flawed patent system is one of the largest threats to their companies and said the House's Innovation Act strikes a "reasonable compromise."

Innovation Act delayed in House amid bipartisan bicameral disapproval

Members of both major American political parties from both the Senate and the House of Representatives came together at a press conference held on the afternoon of Tuesday, July 14th, to oppose the most recent round of proposed patent reform bills in either chamber of Congress.

Why Today’s Innovations Are Stifling Economic Growth

In recent years, “efficiency innovations” have been actively pursued by corporations, thus creating a productivity imbalance due to a lack of investment in “market-creating innovations”. On one hand, Efficiency gains have lead to 60+ year highs in corporate profit margins. On the other hand, we have seen the U.S. labor force participation rate languish at 38 year lows.

Future innovation depends on the 'kids coding' generation

Children today are born into a world where technology has surpassed innovation. What we need to see is innovation matching the pace of technology. This will be fuelled by a new mindset that is geared towards making more from the rapid growth of technology, as opposed to minds like ours that are limited by years of not doing things with tech.

Sustainable Innovation: How to Stay Ahead of the Curve

In a world of ongoing unpredictability and disruption, the challenge for businesses and working professionals isn’t to simply find new ways to innovate and stay relevant. Instead, the challenge is to create solutions that help us successfully innovate on a consistent basis. Enter sustainable innovation.

When America competes, the world benefits

As China prioritizes major research and development projects, and India graduates thousands more scientists and engineers, the U.S. faces significant challenges in the global marketplace.These challenges are precisely why the Senate Committee on Commerce, Science and Transportation is announcing it will convene an innovation and competitiveness working group in order to help craft legislation that would authorize science and technology policies previously directed under the America Competes Act.

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