There is much to like about the Administration’s innovation agenda. Never before has a President made such an articulate and forceful statement in support of U.S. innovation and innovation policy. Yet his agenda can and should be bolder: As ITIF found in its report, The Atlantic Century, the United States ranks 40 out of 40 nations in the rate of progress over the last decade on a host of innovation-based factors such as growth in R&D, venture capital, and scientists and engineers. Restoring the United States’ lead in innovation and competitiveness will require politicians to make tough choices, but they are essential to the growth of the economy.
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February 1, 2014