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Last week, President Obama signed the America COMPETES Reauthorization Act of 2010—continuing efforts to improve US economic competitiveness by supporting basic research and improving STEM (science, technology, engineering and math) education to better prepare the future workforce.
Created in 2007 during the Bush Administration and reauthorized in 2010 by President Obama, the America COMPETES Act is up for another reauthorization as major provisions are set to expire in 2013. The original law authorized $33.6 billion in appropriations from 2008 - 2010 for programs and activities in physical sciences and engineering research as well as STEM education and more. The reauthorization in 2010 increased the amount to $45.6 billion.
I recently wrote about the tremendous backlog of patent applications at the U.S. Patent and Trademark Office (PTO). Indeed, with a backlog of over 700,000 patent applications, investors have become frustrated with long processing times. Yet, as I was writing about the PTO budget, the U.S. Senate was considering a major reform of the patenting process.
This week we can expect President Obama to speak to immigration reform and a new immigration proposal to be unveiled in the Senate. I have discussed in this blog the importance of creating a U.S. Startup Visa for high skilled immigrants—but only in the context of America’s loss. We take a look today on what America's loss in terms of brainpower and innovation skills means for one nation—India.
In the race to get new medical devices to market, companies encounter FDA speed bumps that slow down the process. But would we really be willing to accept the risks that would accompany fast FDA approvals?
On Monday, September 28, Information Technology and Innovation Foundation (ITIF) Senior Analyst Stephen Ezell presented findings from a report appearing in September’s Democracy: A Journal of Ideas. In the report, Ezell discusses the strategies of the worlds’ ten most innovation-forward countries. Ezell argues that the...
Having focused last month on efforts to further entrepreneurship abroad leading up to the global Presidential Summit on Entrepreneurship, this week I wanted to focus squarely on the United States ahead of next month's Global Entrepreneurship Week Partners Forum convened at the Kauffman Foundation in Kansas City. Who are some of the leading players in 2010 driving America's startup culture and how does Global Entrepreneurship Week each November enable them to combine voices in underscoring to the American people how entrepreneurs built America?
The Huffington Post recently featured a piece by Kauffman vice president and researcher Robert E. Litan entitled“Entrepreneurial Stimulus Package can Help U.S. Jobs Shortfall.” Litan writes that the U.S.already has an alternative economic stimulus plan, one that does not require a massive federal bailout: to support entrepreneurship....
Last week, Supreme Court Justice John Paul Stevens announced his retirement kicking off one of Washington's favorite pastimes -- speculating on potential Supreme Court nominees, their political leanings and whether or not the opposing party will turn the confirmation process into a bloodbath. Tim Kane, senior fellow...
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