It’s important to recognize that China’s objective is to become competitive across virtually all advanced-technology industries--and that the techniques China is using to become so pose a direct, and even existential, threat to America’s high-tech industries and those of foreign counterparts. China’s economic development policy has fundamentally evolved over the past decade and a half from a foreign direct investment (FDI) attraction strategy to an indigenous innovation strategy.
Innovation is one of those words that can mean a lot of different things. Whether you’ve developed artificial intelligence software that can predict your schedule or just decided to put potato chips on a turkey sandwich (try it, seriously), innovation comes in all shapes and sizes. However, when it comes to the tech world, the word has a very specific meaning: your ability to disrupt your industry. And these cities house some of the most innovative people, companies, and attitudes in the entire world.
The total score for each country--and thus the final overall ranking--is based on 81 criteria, collected under 7 ‘pillars’ that in turn represent 2 overarching sub-indices. The five pillars under the Innovation Input Sub-Index are: 1) institutions, 2) human capital and research, 3) infrastructure, 4) market sophistication, and 5) business sophistication, all of which address elements of the national economy reflecting innovative activities.
The initial federal research investment is small. Eighty percent of the companies in the report cited less than $5 million as the amount of federal funding received for their foundational work. For 40 percent of companies, this amount was less than $1 million. The 102 companies highlighted are predominantly small businesses, like most companies in the United States. Sixty-five percent of companies have fewer than 100 employees. Yet, the companies collectively employ 8,900 people.
As tech innovations unfold, China is stacking up to the United States as a leading force. Global tech industry leaders indicated, in KPMG’s tech innovation survey, the United States and China are the world’s dominant tech epicenters with the greatest potential to develop disruptive technology breakthroughs that will have a global impact. The strong showing for these two mega-powers is relatively consistent with earlier KPMG surveys, although this year’s poll reflects a slight uptick for China—25 percent compared with 23 percent the prior year.
“Governments from East to West all want the same thing: economic growth. Now more than ever, world economies must choose whether they will grow forward into the future or shrink back from endless innovative potential,” said Mark Elliot, executive vice president of GIPC. “Each year, this report attempts to highlight best practices among the world’s intellectual property environments. In 2017, many of the same challenges remain.
As Dr Ronnie Lowenstein Reflects on the Future in 2017, she invites STEM Stakeholders to Partner with ASTRA to Build a Culture of Innovation and Shape the Future. Words of Wisdom Interview captured at the 2016 Women of Color in STEM Conference in Detroit.
The purpose of this report is to shed light on just how widely diffused the country’s innovation-driven, high-tech economy really is, so members of Congress and other policymakers can find common cause in advancing an agenda that builds up the shared foundations of national strength in a globally integrated marketplace.
These events brought together members of Congress, governors, other federal, state, tribal, and local officials, academic leaders, private sector energy leaders, DOE officials, and other stakeholders from economic development organizations and nongovernmental organizations to examine clean energy technology innovation from a regional perspective.
This report examines the importance of patents as a measure of invention to economic growth and explores why some areas are more inventive than others. Why should we expect there to be a relationship between patenting and urban economic development? As economist Paul Romer has written, the defining nature of ideas, in contrast to other economic goods, is that they are non-rival: their use by any one individual does not preclude others from using them.