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Federal and Industry Collaboration
The COVID-19 global crisis continues to disrupt manufacturing and global supply chains with severe consequences for society, businesses, consumers and the global economy. This has raised new and unprecedented questions on the level of resilience of global value chains and the overall approach to manufacturing. The World Economic Forum, in collaboration with Kearney, brought together C-level executives from different industry sectors to identify best responses to the current COVID-19 crisis.
Research shows SBIR/STTR grants play a critical role in translating research and development (R&D) into commercially successful companies that would not happen otherwise. SBIR/STTR grants could, in theory, provide critical initial investment for many communities outside the large investment hubs and/or disadvantaged high-tech entrepreneurs who struggle to access private capital. The authors explored the distribution of grant awards from 2005 to 2017 using the SBIR/STTR award database.
Smart manufacturing depends critically on information governance: rules (formal and informal) concerning the collection, flow, and analysis of information, often in digital form. To explore information governance issues in depth, the Manufacturing Policy Initiative at Indiana University hosted a roundtable event in Washington, DC, with executives from nearly 20 manufacturers. Policy experts from academia were asked to contribute to papers on specific topics including AI in manufacturing.