Obama Administration Releases “A Strategy for American Innovation”

American Institute of Physics (10/13, Jones) – The Administration’s strategy is presented as a three-tiered pyramid, the base of which is labeled “Invest in the Building Blocks of American Innovation.” Within this tier, in addition to fundamental research, are education and the creation of a world-class workforce, physical infrastructure, and the development of an advanced information technology ecosystem. The pyramid’s second tier, “Promote Competitive Markets that Spur Productive Entrepreneurship,” consists of export promotion, opening capital markets, encouragement of entrepreneurship, and improving public sector and community innovation. The third tier, “Catalyze Breakthroughs for National Priorities,” includes clean energy, advanced vehicle technologies, health care technology, and an interesting range of grand challenges. This FYI focuses on the pyramid’s first tier…There are many other policy initiatives described in this 22-page Strategy. Also of interest are examples of eight “Grand Challenges” on the final page. Access Report