10/7/2009
National Innovation Strategy Advocates Sustainable Growth and Quality Jobs
by Rebecca Norman, Graduate Assistant, UALR Lead Center
The National Economic Council and Office of Science & Technology Policy recently released the National Innovation Strategy report outlining the guiding principles and priorities for the Obama administration's innovation agenda.
The National Innovation Strategy includes the following objectives:
- Invest in the Building Blocks of American Innovation,
- Promote Competitive Markets that Spur Productive Entrepreneurship, and
- Catalyze Breakthroughs for National Priorities.
These objectives are designed to focus more efforts on increasing the research and development budget of major science agencies, providing additional support to entrepreneurs and small businesses, and investing in projects that increase the nation's supply of renewable energy.
The National Innovation Strategy builds on Recovery Act funds that support innovation, education, and infrastructure. The report discusses initiatives that are still in the proposal stage or call for additional investments beyond the Recovery Act.
The National Innovation Strategy report can be found at http://www.whitehouse.gov/administration/eop/nec/StrategyforAmericanInnovation/.
