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Innovation Summit Calls for National Action Agenda
Nearly 150 American leaders launched a two-year initiative last week in the hopes of speeding the development of new technology. The initiative is the result of the National Innovation Summit sponsored by the Council on Competitiveness and held at the Massachusetts Institute of Technology (MIT). Attendees included Vice President Al Gore, House Science Committee Chairman James Sensenbrenner, CEOs of numerous corporations, university presidents, labor leaders, and others.
Summit participants agreed that the U.S. talent pool will be the nation's single greatest vulnerability over the next decade. They were similarly concerned about the future of the national research base. However, they were optimistic about the nation's capital availability, market vitality and access to international markets.
Participants set long and short term priorities to strengthen each area, stressing in particular the use of standards to improve K-12 performance, increasing federal support for frontier research, expanding risk capital for early stage ventures, and protecting U.S. intellectual property in overseas markets.
The Council on Competitiveness will now mobilize its members to convene regional summits around the country in coming months. The Council will present its findings and policy recommendations to the new 106th Congress in January 1999.
The Council is a nonpartisan forum of 140 corporate chief executives, university presidents, and labor leaders working together to set a national action agenda to strengthen U.S. competitiveness.