Today, the Council on Competitiveness issued a call to action and roadmap for America to increase its innovation capacity tenfold (10X). This goal is set in the firm belief that the nation's long-term growth in productivity and inclusive prosperity requires placing greater attention on innovation to confer a competitive advantage. They released a report--Competing in the Next Economy. -- with 50 recommendations developed over the past 15 months with a sixty-member advisory team. Competing in the Next Economy raises the alarm that "warning lights are flashing" in terms of America's historic position as the world leader in innovation, threatening the nation's competitive future in the global economy. The report also serves as a roadmap for local, state and national policymakers to come together with the private sector to focus in a bold and transformational way on all efforts to optimize the United States for a new, unfolding, challenging innovation reality. The 50 specific recommendations in the report support four objectives:
- Increasing U.S. leadership and national strategies for innovation
- Increasing the number of innovations developed in and deployed by the U.S.
- Increasing the speed at which the U.S. innovates
- Increasing the number and diversity of Americans engaged in innovation
"The challenge to America is so great that we can do no less than strive to increase our innovation tenfold. We must have world-leading capabilities to ensure our economic and national security, our geopolitical leadership, and our place as the world's beacon of progress and problem-solving," said Dr. Mehmood Khan, CEO, Life Biosciences, Inc., and Chairman, Council on Competitiveness. The full report is here: Compete.org/Reports