Sec. Locke - America's Broken Innovation System

President's Council of Advisors on Science and Technology (PCAST) - Speaking of “a broken innovation ecosystem,” [Commerce Secretary] Locke warned that the American economy is not innovating enough. U.S. leadership in areas such as semiconductors, batteries, and robotics has been lost, there have been no net new jobs in the last decade, and wages have remained flat, he said. Locke called for more funding for federal research, since private laboratories have largely been de-funded. Locke emphasized the need to design and manufacture new products on an expedited basis, asking PCAST to investigate how that should be accomplished.Via American Institute of Physics (Jones)

2:40   America's Broken Innovation System
5:20   More Federal R&D Required (3% of GDP)
8:00   Need New Policies to Get More Ideas to Market Faster
12:00 Office of Innovation & Entrepreneurship
17:00 NIST Funding
21:00 U.S Needs an Energy Policy (to define the new rules of the road)
23:00 Mechanisms to Stimulate Private Research
27:00 Patent Office Reform