Closing the broadband gap has proved tricky because private internet providers often don’t have financial incentives to build broadband infrastructure over long distances in sparsely populated areas. Some technologists believe the super-fast next generation of wireless technology, 5G, could provide a solution. But there are many skeptics who worry that the same business model issues will leave rural America out, possibly widening the digital divide.
Apollo 11 Astronaut Buzz Aldrin called out a lack of innovation in the aerospace industry during his speech at the U.S. Space and Rocket Center Wednesday night, "that is not very good for 50 years of development," said Aldrin. Aldrin said we as a civilization have not lived up to the famous words of Neal Armstrong when he set foot on the moon. He said he has been waiting for the next giant leap for man kind for 50 years.
In the 30 years since Tim Berners Lee first documented his vision for what would become the World Wide Web, the US has been the primary leader in innovative infrastructure and products that are now core to everyday life. This innovation mostly occurred with startups shielded from legal constraints. That time is coming to a halt, with Europe positioned to overtake Silicon Valley as the ideological heart of the tech industry.
Far more inventions could qualify for patents in the US if a reform bill making its way through the Senate becomes law. The changes would not only increase the disconnect between European and American rules on what can be patented. They also have the potential to stifle innovation and create greater uncertainty for companies that want to protect their intellectual property globally, experts warn.
NASA's Apollo programme was one of the most challenging technological achievements in the 20th century. Beyond the space race and exploration, it contributed to several inventions and innovations that are still having an impact on our lives. But at the same time, there are several myths regarding what technologies actually came out of it.
Positive economic signs like low unemployment, rising wages, and strong growth are masking a troubling trend, which is that the United States has an innovation problem. We are less entrepreneurial today than we were decades ago. The decline in innovation is consistent across sectors. From manufacturing to agriculture, Americans today are starting businesses much less frequently than their parents or grandparents.
"Trying to make medications more affordable is important, but if Washington isn't careful, we might leave innovation behind." This is the message the Pharmaceutical Research and Manufacturers of America (PhRMA) heard from Amy, a Voters for Cures advocate from South Carolina who reminds us what's at stake in the broader public policy debate around medical innovation, access and affordability.
This program provides one-year funding to organizations executing programs related to SBIR/STTR outreach, technical assistance, or financial support. As a way to help inform these proposals, SSTI has updated the data from a January Useful Stats article on NIH SBIR/STTR success rates to include the most recent year available, FY 2018.
Unjustified and outsized verdicts harm society by discouraging investment in innovative products. Researchers at the University of Chicago Booth School of Business and Tilburg University recently aggregated data from more than 40,000 lawsuits filed between 1996 and 2011 and found that “frivolous lawsuits tended to focus on highly innovative businesses,” costing the average defendants $1.1 million each year.
Prosperity Capitalism is my term for when free enterprise, free markets and democracy thrive so does innovation. Prosperity results when capitalism is enabled by free markets, access to capital, talent and tools. Low regulation is part of the equation, In fact I could argue that the heart of Prosperity Capitalism are democratic values that drive invention, risk and reward.