The State of Innovation in the States 2014

This presentation counters those who claim that the great age of innovation is over and that America has entered a period of innovation stagnation, particularly by noting America’s particular strengths in sectors such as information and communications technology, life sciences, aerospace, and advanced manufacturing. That said, America is significantly underachieving its innovation potential because of a faltering policy environment for innovation, including federal underfunding of R&D, corporate short-termism, a globally uncompetitive tax code, an underperforming education system, and poor regulatory policies that inhibit the competitiveness of several key U.S. advanced technology industries.