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White House Seeks Input on Innovation Strategy

February 09, 2011

Following last week's announcement of the Startup America initiative, the National Economic Council, the Council of Economic Advisors and the Office of Science and Technology Policy have released the details of its innovation strategy. The strategy emphasizes the private sector's essential role in building next-generation companies, with the government serving as an "innovation facilitator." It includes recommendations on how the federal government can invest in the necessary building blocks for research and entrepreneurship, promote market-based innovation and catalyze strategic industries. SSTI will examine these recommendations in greater detail in next week's federal budget issue. The Department of Commerce (DOC) has released a request for information (RFI) regarding the measures that could achieve its innovation goals. The announcement includes ten questions to help guide the discussion. DOC also will accept electronic versions of reports, articles and analysis. Comments must be submitted by April 1, 2011.