Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.), co-signed by Senators Roy Blunt (R-Mo.) and Amy Klobuchar (D-Minn.), re-introduced the Startup Act today. The bill would enact an array of innovation policies, including reauthorizing Regional Innovation Strategies, creating a new commercialization grant program, and implementing a startup visa.
The USMCA is the right deal for the U.S. because it puts innovation, and all those who help drive our technological and productivity advances, front and center. Key to the continued promotion of U.S. innovation is the establishment of critical intellectual property (IP) protections that safeguard and reward U.S. innovations. While Canada and Mexico remain some of our closest economic allies, too often relaxed IP protections in both countries have undermined U.S. incentives to innovate and compete fairly in those markets.
Innovation is one of the hardest concepts to define, experts agree, and there is currently no clear measure for it. Data related to the number of patents filed annually, scientific papers published, local opportunities available or broader macro economic indicators mean little when a country's reputation is already established, new research shows -- and once a country has been deemed an innovative leader, that perception usually remains even when the data changes.
From a skewed standardization law in China to mercantilist digital services tax proposals in Europe, when countries impose protectionist policies in high-value, high-tech sectors, they don’t just damage competitors; they damage the entire global innovation system.
The University Innovation Fellows program empowers students to become agents of change at their schools. Fellows work to ensure that their peers gain the knowledge, skills and attitudes required to compete in the economy of the future and make a positive impact on the world.
China is closing the global innovation gap with the US. Fast, very fast. That’s according to the recently published Global Innovation Index: Energizing the World with Innovation. A collaboration between Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO) as co-publishers, and their Knowledge Partners (Cornell University and Partners report), relies on international patent filings and scientific publishing activity to identify innovation clusters in 126 countries; and come up with a global innovation ranking.
Google may speak about moon-shot ambition, but its Waymo self-driving car firm has yet to gain commercial traction. Apple may speak about its technological prowess, but it is only seeing its revenue decline and its Chinese position unseated. Facebook may speak about virtual reality as the next user interface, but it can’t even rid its newsfeed of fake news. There is a ceiling on how fast the internet giants can innovate.
South Korea retained the global crown in the 2019 Bloomberg Innovation Index, though improvements by Germany in research and education brought Europe’s largest economy to near-parity in the annual ranking. The U.S. moved up to eighth place, a year after cracks in education scores pushed it out of the top 10 for the first time.
While he has offered lip-service to the idea that Apple's next great innovation is right around the corner, most recently in this Jan. 2 letter to shareholders, Cook has taken abandoned Jobs's idea that Apple needs to innovate its way to success. Here are the three most recent signs that Apple has lost its innovation mojo.
While diplomats at the State Department are negotiating hard to pave the way for American innovation, U.S. regulators such as the Securities and Exchange Commission (SEC) have been slow to make pronouncements regarding cryptocurrencies. This has hampered innovation and left many American businesses in regulatory limbo, particularly with respect to whether or not their tokens are classified as securities.