We know that U.S. students are lagging in science, technology, engineering and math (STEM) studies compared to students in many other countries and that the United States is at risk for losing its innovation edge in critical industries. And yet we continue to devote even more resources to the same formulas for STEM education that have been in place for close to 40 years. In a provocative report, Refueling the U.S. Innovation Economy, ITIF President Rob Atkinson and education expert Dr. Merrilea Mayo challenge our assumptions about STEM education and argue that reforms are urgently needed to transform STEM education from high school to graduate school. Atkinson discussed the report on December 7 at an event titled, "Education for Innovation," a digital town hall that explored how we can cultivate tomorrow's thinkers and entrepreneurs and better ensure our economic and educational success in the future. This event also featured Secretary of Education Arne Duncan, OECD Attorney General Angel Gurria and columnist Thomas Friedman.