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Innovation,R&D
  Data and Reports

Innovation, R&D, IP

Research and Reports Main Page

Importance of innovation and R&D in the manufacturing industry along with factors and models that contribute to innovation success, plus the significance of IP protection to innovation.


Featured Reports:


2014-stateeconomywhitelineThe 2014 State New Economy Index
June 2014
Categories: Innovation, Global Competitiveness, Education and Workforce

This paper discusses why America needs a National Network for Manufacturing Innovation. Part one of the paper makes the case for an innovation-centered national manufacturing policy. It lays out key challenges facing the U.S. manufacturing sector, advances reasons why the nation should care about manufacturing, and sets forth the rationale for an active federal role in fostering manufacturing innovation. Part two of the paper articulates five key principles that should govern the design of the NNMI.

 

RobotswhitelineAre Robots Taking Our Jobs, Or Making Them?
September 2013
Categories: Current State of Manufacturing, Innovation, Regulatory and Policy Recommendations, Productivity

This report analyzes the “robots are killing our jobs” arguments, shows how they are constructed on faulty analysis, examines the extensive economic literature on the relationship between employment and productivity, and explains the logic of how higher productivity leads to more jobs. The report shows that more technology benefits not just the economy overall, but also workers: more and better technology is essential to U.S. competitiveness and higher living standards. The claim that increased productivity eliminates jobs is misguided speculation.

 


Advanced Manufacturing: A Snapshot of Priority Technology Areas Across the Federal Government - April 2016
Advanced manufacturing drives long-term economic prosperity and growth, and supports the missions of the Federal agencies  participating  in  the  NSTC  Subcommittee  for  Advanced  Manufacturing (SAM). A foundation of priority technology areas is needed to secure U.S. competitiveness in this sector, from which collaborations between government,  industry,  and  academia  may  be  built. This  document  captures technology areas in advanced manufacturing that are current priorities for the Federal Government, and are  strong  candidates  for focused Federal  investment  and  public-private  collaboration. Categories: Current State of Manufacturing, Innovation

Advanced Technologies Initiative Manufacturing & Innovation - 2015
Deloitte and the Council on Competitiveness (Council), as part of their multi-year Manufacturing Competitiveness Initiative, embarked on the Advanced Technologies Initiative study to better understand the US innovation ecosystem, identify the most promising technologies impacting the manufacturing industry, as well as understand current and future trends in US and global scientific research and development (R&D). They interviewed nearly three dozen chief technology officers, chief research officers, chief executive officers, and company presidents from the manufacturing sector, as well as nearly a dozen directors of US national laboratories and research facilities. A set of high-priority recommendations were developed detailing immediate and longterm critical needs to improve the national innovation ecosystem vital to sustaining US competitiveness. Highlights from the study include:

  • The linkages between national prosperity and advanced technologies, manufacturing and the innovation ecosystem
  • Global R&D trends and America’s relative position
  • Opportunities as well as challenges for US industry
  • An Industry Innovation Playbook
Categories: Current State of Manufacturing, Innovation, Global Competitiveness

Manufacturing’s Next Act - June 2015
The focus of this article is on Industry 4.0, the next phase in the digitization of the manufacturing sector.  It reveals some powerful emerging currents with strong potential to change the way factories work. Most of these digital technologies have been brewing for some time. Some are not yet ready for application at scale. But many are now at a point where their greater reliability and lower cost are starting to make sense for industrial applications. However, companies are not consistently aware of the emerging technologies. Manufacturers should begin today to join the hunt for the best digital talent, and think about how to structure their digital organization. Categories: Current State of Manufacturing, Innovation, Global Competitiveness, Education and Workforce, Best Practices, Productivity, Supply Chain

U.S. Manufacturing in International Perspective - March 2015
The health of the U.S. manufacturing sector has long been of great concern to many stakeholders including Congress. The decline in manufacturing employment since the dawn of the 21st century has stimulated particular interest and various policy prescriptions. Those advocating for renewed attention on manufacturing argue that the United States is falling behind other countries across a broad set of measures and they argue that this relative decline can be mitigated or reversed by government policy. This report informs the debate over the health of U.S. manufacturing through a series of charts and tables that depict the position of the United States relative to other countries according to various metrics. Understanding which trends in manufacturing reflect factors that may be unique to the United States and which are related to broader changes in technology or consumer preferences may be helpful in formulating policies intended to aid firms or workers engaged in manufacturing activity. Categories: Current State of Manufacturing, Innovation, Global Competitiveness, Federal and Industry Collaboration, Education and Workforce 

Advanced Manufacturing Opportunities Report: How Advanced Manufacturing is Helping U.S. Companies Compete Globally - March 2015
More than half of manufacturing leaders are planning to invest in advanced manufacturing technologies in the next two years, according to SME’s Advanced Manufacturing Media. The findings are part of the organization’s Advanced Manufacturing Opportunities Report, which highlights results of a survey of manufacturing executives, engineers and managers on why companies are investing in and using advanced manufacturing technologies such as industrial robotics and additive manufacturing, or 3D printing. See more at www.sme.org. Categories: Current State of Manufacturing, Innovation, Best Practices, Productivity

America's Advanced Industries:  What They Are, Where They Are, and Why They Matter - February 2015
At a critical moment, this report asserts the special importance to America’s future of what the paper calls America’s “advanced industries” sector. Characterized by its deep involvement with technology research and development (R&D) and STEM (science, technology, engineering, and math) workers, the sector encompasses 50 industries ranging from manufacturing industries such as automaking and aerospace to energy industries such as oil and gas extraction to high-tech services such as computer software and computer system design, including for health applications. These industries encompass the nation’s “tech” sector at its broadest and most consequential. Their dynamism is going to be a central component of any future revitalized U.S. economy. As such, these industries encompass the country’s best shot at supporting innovative, inclusive, and sustainable growth. For that reason, this report provides a wide-angle overview of the advanced industry sector that reviews its role in American prosperity, assesses key trends, and maps its metropolitan and global competitive standing before outlining high-level strategies to enhance that. Categories: Innovation, Global Competitiveness, Education and Workforce

The New Hire: How a New Generation of Robots is Transforming Manufacturing - September 2014
To get a better grasp on how US manufacturers are enlisting robots in their production lines—and future plans—PwC carried out a survey of 120 manufacturers. They found that while the majority of respondents have already adopted robotics technology, there still exists real barriers for those which have yet to do so, citing limitations such as cost, the lack of perceived need, and expertise and skills needed to properly exploit them. Categories: Innovation, Capital and Cost, Education and Workforce, Productivity

Strengthening Regional Relationships to Support Manufacturing: 10 Successful Initiatives - August 2014
This report examines ten ongoing regional initiatives that support manufacturers.  Drawing on a diverse group of individual case studies, the report identifies the key partners and their roles, the resources they accessed, the impact of the effort, and the prospects for the future.  In particular, the case studies often note the many roles that the National Institute for Standards and Technology’s Manufacturing Extension Partnership (NIST MEP) centers are playing in the success of these efforts.  The report is intended to stimulate thinking among economic development leaders about what they can do to support their own region’s manufacturing sector. Categories: Current State of Manufacturing, Innovation, Education and Workforce, Sustainability

Shale Gas:  A Game Changer for U.S. Manufacturing - July 2014
A country is only as strong as its capacity to build. Managed properly, the availability of low-cost shale gas could catalyze a renaissance in U.S. manufacturing, revitalizing the chemical industry and enhancing the global competitiveness of energy-intensive manufacturing sectors such as aluminum, steel, paper, glass, and food. This report summarizes and expands upon the University of Michigan-sponsored daylong Symposium “Shale Gas: A Game- Changer for American Manufacturing,” held on March 28, 2014 at the National Press Club in Washington, D.C. The Symposium’s purpose: to explore how the shale gas boom can be used to the best advantage of U.S. manufacturing. Categories: Current State of Manufacturing, Innovation, Capital and Cost, Federal and Industry Collaboration, Education and Workforce, Regulatory and Policy Recommendations, Sustainability

3D Printing and the New Shape of Industrial Manufacturing - June 2014
Surely, the potential of 3D printing (3DP) has captured the popular imagination.  From jet engine parts to made-to-fit bikinis, the technology is being hailed as a revolution in how products are manufactured.  According to estimates, the global 3DP printer market is poised to hit $6 billion by 2017 from $2.2 billion in 2012, with global shipments of printers costing less than $100,000 expected to reach about 98,000 in 2014, roughly twice as many as 2013.  But in the heartland of US industrial manufacturing, 3DP appears more on an evolutionary track, as companies large and small shape 3DP programs—and as 3DP printers, software and materials science advance.  To get a clearer picture, PwC surveyed over 100 industrial manufacturers, from small contract manufacturers to multinationals.  Based on this survey, interviews with industry leaders and a PwC analysis surrounding the economics of 3DP, this report explores how and why companies are bringing this technology closer to an effective tipping point of adoption. Categories: Current State of Manufacturing, Innovation, Capital and Cost, Productivity, Supply Chain

MAKING IN AMERICA: U.S. Manufacturing Entrepreneurship and Innovation - June 2014
The White House report, Making in America: U.S. Manufacturing Entrepreneurship and Innovation, demonstrates how new game-changing technologies are reducing the cost, increasing the speed, and making it easier for entrepreneurs and manufacturers to translate new ideas into products Made in America.  These new technologies are already having an impact, with the growth rate in manufacturing entrepreneurship at its fastest pace in over 20 years. Categories: Current State of Manufacturing, Innovation, Capital and Cost, Global CompetitivenessFederal and Industry Collaboration, Education and Workforce

Building a Nation of Makers:  Six Ideas to Accelerate the Innovative Capacity of America's Manufacturing SMEs - June 2014
This report offers innovative, non-partisan, actionable ideas on how to create middle-class manufacturing jobs.  The focus of this report is on six ideas on how to accelerate the innovative capacity of American manufacturing’s small and medium-sized enterprises (SMEs). Ideas include providing a more flexible education system, certification programs, and access to financing and technology. Categories: Current State of Manufacturing, Innovation, Capital and Cost, Education and Workforce

Trends in technology-based Economic Development: Local, State, and Federal Action - January 2014
Investing in activities that support the creation and expansion of high-growth companies and jobs is at the forefront of technology-based economic development (TBED). TBED fosters a climate where new and existing companies that develop technology and continuously innovate will thrive. Understanding the trends that are affecting and influencing TBED can help guide investment priorities for practitioners and policymakers across the nation.  Each year, SSTI takes a look back at the past year’s activities in TBED and examines the environment to illustrate trends and put it all into perspective. This report includes a compilation of examples in thematic areas from across the country. Categories: Current State of Manufacturing, Federal and Industry Collaboration, Education and Workforce, Regulatory and Policy Recommendations

2014 Global R&D Funding Forecast - December 2013
While R&D funding isn’t the sole indicator of how a nation, region or industry will perform, it certainly is a fundamental consideration among other factors like science, technology, engineering and mathematics education levels, capital markets, healthcare, infrastructure, property rights and immigration policy. Each section of this report forecasts research and development levels for 2014, closely examining the expected funding for a region or industry. There are many important projections and key findings for each country and industry under discussion. Categories: Innovation, Capital and Cost, Global Competitiveness, Federal and Industry Collaboration, Education and Workforce

The Emerging U.S. Rail Industry: Opportunities to support American manufacturing and spur regional development - November 2013
A number of factors have come together to heighten the importance of rail transit to the U. S. economy. These same factors present new opportunities for domestic manufacturers of rail cars and equipment to benefit, however, historical and structural barriers to seizing these opportunities exist. This paper explores each of these areas in detail and makes recommendations to policy makers on how they might best support a strong and growing domestic supply chain for the rail transit industry. Categories: Innovation, Capital and Cost, Global Competitiveness, Federal and Industry Collaboration,Education and Workforce, Supply Chain

New Report: Foreign Direct Investment In the United States - October 2013
The United States has been the world’s largest recipient of foreign direct investment (FDI) since 2006. Every day, foreign companies establish new operations in the United States or provide additional capital to established businesses. With the world’s largest consumer market, skilled and productive workers, a highly innovative environment, appropriate legal protections, a predictable regulatory environment, and a growing energy sector, the United States offers an attractive investment climate for firms across the globe. Categories: Innovation, Capital and Cost, Global Competitiveness, Supply Chain

Sparking Economic Growth 2.0: Companies Created from Federally Funded University Research, Fueling American Innovation and Economic Growth - October 2013
This report focuses on how federal investment in basic scientific research stimulates the economy, specifically by creating companies. The report discusses how federal funding for this type of scientific research is in jeopardy and is on a downward trend. The report also emphasizes the importance of innovation. It references a link to a database with the profile of the companies from the report. Categories: Current State of Manufacturing, Innovation, Capital and Cost,Federal and Industry Collaboration

A Clarion Call: A Look Back and a Path Forward - November 2013
The Clarion Call, A Look Back and a Path Forward provides a federal policy “report card” of actions (and lack of actions) since the Council issued a clear and concise agenda to policymakers last year, which included a road map to grow the American economy and included core principles and recommendations critical for the United States’ long term economic growth and job creation. Categories: Current State of Manufacturing, Innovation, Global Competitiveness, Federal and Industry Collaboration, Regulatory and Policy Recommendations


ThomasNet Industry Market Barometer®- September 2013
ThomasNet.com's Industry Market Barometer® (IMB) is an annual survey of buyers and sellers of products and services in the industrial market. Respondents are engineers and purchasing agents, business owners and managers, and sales and marketing executives from manufacturers, distributors and service companies. ThomasNet.com's® 2013 Industry Market Barometer® (IMB) survey of more than 1,200 manufacturers paints a picture of a sector that is reinventing itself every day. These companies are growing, expecting future growth, hiring, and increasing their production capacity to meet additional demand. This report discusses barriers, opportunities, and solutions to designing energy efficiency programs that result in significant savings from smaller manufacturers. Categories: Current State of Manufacturing, Innovation, Global Competitiveness,Education and Workforce, Productivity

Global Manufacturing: Foreign Government Programs Differ in some Key Respects from those in the United States- August 2013
Over the last decade, the United States lost about one-third of its manufacturing jobs, raising concerns about U.S. manufacturing competitiveness. There may be insights to glean from government policies of similarly-situated countries, which are facing some of the same challenges of increased competition in manufacturing from developing countries. At the request of the chairman of the Senate Commerce, Science and Transportation Committee, the Government Accountability Office (GAO) identified innovative foreign programs that support manufacturing that may help inform U.S. policy. Categories: Current State of Manufacturing, Innovation, Global Competitiveness, Federal & Industry Collaboration, Education and Workforce, Regulatory and Policy Recommendations

Competitiveness, Innovation, and Productivity: Clearing up Confusion - August 2013
To listen to many economists, pundits and policymakers discuss the economics of growth it would be easy to be confused by the commonly used terms: competitiveness, innovation and productivity. These terms are often used almost interchangeably and with little precise meaning. To remedy the situation, this policy memo defines these terms and explains how each is important in driving economic prosperity. Categories: Global Competitiveness, Productivity

On the Threshold: Refocusing U.S. Export Assistance Strategy for Manufacturers - June 2013
This report offers observations and recommendations on how to increase small and mid-size manufacturers (SMMs) SMMs’ contribution to manufacturing exports; and answers questions related to: the importance of exporting to SMMs with the greatest export growth potential, types of assistance exporters need, the importance of innovation and supply chain for growing exports, and export assistance in a a limited funding environment. The report is in support of a major joint research efforts undertaken by MEP and the U.S.Commercial Service. Categories: Current State of Manufacturing, Global Competitiveness, Federal and Industry Collaboration, Supply Chain

Manufacturing Productivity, Through the Great Recession: What Does It Mean for the Future? - June 2013
Manufacturing has been one of the major bright spots in the economic recovery of the last few years, but this report notes that the importance of manufacturing to the economy is not uniform across the U.S. as manufacturing industries are concentrated in certain locations. This study examines county-level data to assess the importance of manufacturing in local economies throughout the U.S. and find that, although almost all states include some counties where manufacturing accounts for a significant share of jobs and earnings, such counties are concentrated in the Midwest and the South, are more likely to be outside metropolitan areas, and are relatively small. Categories: Current State of Manufacturing, Capital and Cost, Regulatory and Policy Recommendations, Productivity

CUT TO INVEST Support the Designation of 20 ‘U.S. Manufacturing Universities’ - January 2013
Congress should establish an initiative to designate 20 institutions of higher education as “U.S. Manufacturing Universities” as part of a needed push to strengthen the position of the United States in the increasingly innovation-driven global economy. Today, the challenge is even greater as America competes against a wide array of nations seeking to win the race for global innovation advantage, especially in advanced manufacturing. A new cadre of federally-designated “Manufacturing Universities” that revamp their engineering programs with particular emphasis on work that is relevant to manufacturing firms while providing engineering students with real-world work experience should be part of the solution. Categories: Global Competitiveness, Education and Workforce

Industrial Competitiveness and Technological Advancement: Debate Over Government Policy - December 2012
There is ongoing interest in the pace of U.S. technological advancement due to its influence on U.S. economic growth, productivity, and international competitiveness. Because technology can contribute to economic growth and productivity increases, congressional attention has focused on how to augment private-sector technological development. Legislative activity over the past 30 or more years has created a policy for technology development, albeit an ad hoc one. Because of the lack of consensus on the scope and direction of a national policy, Congress has taken an incremental approach aimed at creating new mechanisms to facilitate technological advancement in particular areas and making changes and improvements as necessary. This paper focuses on technology and competitiveness, the federal role in technology development, legislative initiatives, and current technology development programs. Categories: Global Competitiveness, Federal and Industry Collaboration, Regulatory and Policy Recommendations

Cooperative R&D: Federal Efforts to Promote Industrial Competitiveness - December 2012
In response to the foreign challenge in the global marketplace, the United States Congress has explored ways to stimulate technological advancement in the private sector. This paper examines the government's various efforts to promote cooperative research and development activities among industry, universities, and the federal R&D establishment designed to increase the competitiveness of American industry and to encourage the generation of new products, processes, and services. Given the increased popularity of cooperative programs, the paper looks at questions that might be raised as to whether the programs are meeting expectations. Among the issues before Congress are whether joint ventures contribute to industrial competitiveness and what role, if any, the government has in facilitating such arrangements. Categories: Global Competitiveness, Federal and Industry Collaboration, Regulatory and Policy Recommendations

Why America Needs A National Network for Manufacturing Innovation - December 2012

This paper discusses why America needs a National Network for Manufacturing Innovation. Part one of the paper makes the case for an innovation-centered national manufacturing policy. It lays out key challenges facing the U.S. manufacturing sector, advances reasons why the nation should care about manufacturing, and sets forth the rationale for an active federal role in fostering manufacturing innovation. Part two of the paper articulates five key principles that should govern the design of the NNMI. Categories: Innovation, Capital and Cost, Federal and Industry Collaboration, Regulatory and Policy Recommendations

Technology Transfer: Use of Federally Funded - December 2012
This paper focuses on technology transfer to the private sector, as well as to local and state governments, and the rationale for federal interest and involvement. Current federal efforts to promote technology transfer is also examined, as well as a look at the small business technology transfer program and patenting. At issue is whether incentives for technology transfer remain necessary, if additional legislative initiatives are needed to encourage increased technology transfer, or if the responsibility to use the available resources now rests with the private sector. Categories: Capital and Cost, Federal and Industry Collaboration, Regulatory and Policy Recommendations

The 2012 State New Economy Index - December 2012
This report builds on prior State New Economy Indexes published in 1999, 2002, 2007, 2008 and 2010. Overall, the report uses 26 indicators, divided into five key areas that best capture what is new about the New Economy: 1. Knowledge jobs; 2. Globalization; 3. Economic dynamism; 4. The digital economy; 5. Innovation capacity Categories: Global Competitiveness, Education and Workforce

Report to the President on Capturing Domestic Competitive Advantage in Advanced Manufacturing - July 2012
The report was prepared by the 18-member steering committee of the Advanced Manufacturing Partnership (AMP). It addresses needs in three broad categories: enabling innovation; securing the talent pipeline; improving the business climate. The recommendations include a call to establish a national network of manufacturing innovation institutes; an emphasis on investment in community college training of the advanced manufacturing workforce; an approach to evaluate platform manufacturing technologies for collaborative investment; a plan to reinvigorate the image of manufacturing in America; and proposals for trade, tax, regulatory, and energy policies that would level the global playing field for domestic manufacturers. Categories: Global Competitiveness, Capital and Cost, Federal and Industry Collaboration, Education and Workforce, Regulatory and Policy Recommendations

Manufacturing and Logistics 2012 National Report - June 2012
State by state grades on areas such as productivity and innovation, human capital, global costs, diversification, venture capital, manufacturing, and logistics. Categories: Capital and Cost, Global Competitiveness, Education and Workforce, Productivity

Global Manufacturing Outlook: Fostering Growth through Innovation - June 2012
While macroeconomic uncertainties still abound, global manufacturers are using the low-growth environment to ramp up their innovation activity, increase efficiency, and add value to their offerings simultaneously. KPMG’s new report, Global Manufacturing Outlook: Fostering Growth through Innovation, examines an industry experiencing transformational shifts and the strategies manufacturing leaders are using to adapt to ongoing volatility, drive innovation, and position themselves for both top and bottom-line growth. Categories: Current State of Manufacturing, Global Competitiveness, Supply Chain

The Benefits of Manufacturing Jobs - May 2012
The U.S. Commerce Department released a report, entitled “The Benefits of Manufacturing Jobs,” an analysis of wages and benefits of manufacturing workers, which provides fresh evidence that manufacturing jobs encourage innovation and support economic security for America’s middle class. The report finds that total hourly compensation for manufacturing workers is 17 percent higher than for non-manufacturing workers. It also shows that manufacturing jobs are becoming more skilled and heavily reliant on science, technology, engineering and math (STEM) fields, and that manufacturing is responsible for 70 percent of our private sector R&D, 90 percent of our patents, and 60 percent of our exports. Categories: Education and Workforce

The Future of Manufacturing: Opportunities to Drive Economic Growth - April 2012
This report explains how challenges in talent, innovation, infrastructure, and energy consumption are what countries and companies in the manufacturing industry must prepare to face in the coming years. In order to stay competitive in the global market, companies need to find the highest skilled workers, breathe innovation and become more efficient in energy, production and logistics. The key to success in these areas will be collaboration between governments and private sectors. With competition increasing for so many resources and capabilities—and with the prosperity of nations hanging in the balance—policymakers will be actively looking for the right combination of trade, tax, labor, energy, education, science, technology, and industrial policy levers to generate the best possible future for their citizens Categories: Global Competitiveness, Productivity

Intellectual Property and the US Economy: Industries in Focus - March 2012
Report shows that intellectual property protections have a direct and significant impact on the U.S. economy. The report, entitled “Intellectual Property and the U.S. Economy: Industries in Focus,” finds that IP-intensive industries support at least 40 million jobs and contribute more than $5.06 trillion dollars to, or nearly 34.8 percent of, U.S. gross domestic product (GDP). Categories: Innovation

Make An American Manufacturing Movement - December 2011
The key challenges and solutions outlined in Make: An American Manufacturing Movement appear below: 1.    Challenge: Fueling Investments in the Innovation and Production Economy from Start-up to Scale-up  Solution: Enact fiscal reform, transform tax laws, regulations and other structural costs to spur investment, ramp up production, capitalize growth companies, and create skilled jobs  2.    Challenge: Expanding U.S. Exports, Reducing the Trade Deficit, Increasing Market Access and Responding to Foreign Governments Protecting Domestic Producers Solution: Create fair and open global markets for U.S. goods and services to reduce the trade deficit and increase exports as a percentage of GDP 3.    Challenge: Harnessing the Power and Potential of American Talent to Win the Future Skills Race Solution: Prepare the Next Generation of Innovators, Researchers and Highly-Skilled Workers Categories: Current State of Manufacturing, Innovation, Capital and Cost, Global Competitiveness, Federal and Industry Collaboration, Education and Workforce,

Growing Your Region’s Economy with Small Businesses and Entrepreneurs  - December 2011
NADO's publication highlights the innovative approaches being taken by five regional development organizations (RDO) in Colorado, Oregon, Texas, and Wisconsin to spur job growth through new business startups or existing business expansions. Categories: Innovation, Capital and Cost, Best Practice, Productivity

Riding the New Wave in Manufacturing to More Jobs and a Better Economy - November 2011
Time is of the essence. Because longer-term initiatives require sustained public support and political will, we need to demonstrate the potential of manufacturing to create jobs now. Over the longer term, however, the U.S. hold on manufacturing must rely not just on a tenuous advantage in factor costs, but on better quality control, customer responsiveness and inter-firm efficiency. Categories: Current State of Manufacturing, Innovation, Capital and Cost, Education and WorkforceProductivity

Growth Through Innovation:  Building a Long-Term Strategy for Growth through Innovation - May 2011
History has amply demonstrated that innovation in the public and private sectors is the most important key to long-term U.S. prosperity and economic competitiveness. Yet in the United States today, innovation is at risk of stalling just at a time when rising international competition is on the upswing and the U.S. economy is still reeling from a deep recession.  Priorities for action start with turning three deficits—budget, investment/savings and trade—into surpluses.  This will require action by the public sector—to provide tax credits for innovation and more forward-thinking trade policies, for example—and the private sector, including businesses, universities and private research firms that reward education and job skills. Categories: Innovation, Capital and Cost, Global Competitiveness, Federal and Industry Collaboration, Education and Workforce, Regulatory and Policy Recommendations