Renewing American Innovation Project
The American innovation system, supporting research, technology development, and commercialization of new technologies, is a strategic asset underpinning the nation’s economic growth, competitiveness, and security. Today, this infrastructure is need of renewed policy attention, having suffered from inadequate public investments and the degradation of the manufacturing ecosystems—all at a time when other countries and regions have made determined investments to upgrade their innovation systems. Renewing American innovation is therefore a strategic priority.
Today, America faces two great economic challenges. The first concerns ensuring our country’s continued role as a leading innovator. Over the past two decades, China has significantly increased its investments and accomplishments and may be poised to overtake the United States in some emerging technologies, giving them a competitive and perhaps strategic advantage.
There is a second, equally significant challenge. Increasingly, America is bifurcating into two economies. Our high-technology clusters are vibrant and creative, but at the same time, many in our heartland communities feel the disruption caused by innovation but do not yet share in its economic dynamism. A shared stake in our common prosperity, rooted in an inclusive participation in our innovation economy, is essential for national unity, economic prosperity, and long-term security.
The Renewing American Innovation (RAI) Project explores how the U.S. can rise to the geopolitical and socio-economic challenges of the twenty-first century. The RAI Project focuses on five thematic pillars that make up the agenda for renewal: Standards and IP for Innovation, Inclusive Innovation, Renewing the Nation’s Innovation Ecosystem, Restoring U.S. Manufacturing, and Global Innovation Strategy.
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