As policymakers consider the value of small business innovation programs, they should understand that their returns on investment are considerably larger than conventional estimates indicate.
Science and R&D
October 25, 2018
NITRD’s National AI R&D Strategic Plan is a valuable opportunity to help the United States maintain its competitive edge in the absence of a broader national AI strategy.
October 9, 2018
Fact of the Week: Following China's Anti-Corruption Campaign, Highly Productive Firms Received 44 Percent More R&D Subsidies
The Chinese government funds an exceptionally large amount of R&D, with direct government subsidies accounting for a quarter of the country’s total R&D spending in 2015. As such, how well the government allocates those funds plays an outsized role in determining how innovative the nation can be.
September 24, 2018
Fact of the Week: New, Knowledge-Intensive Enterprises That Use Innovations From Government-Funded Programs Add Employees and Grow Sales Faster
Large bodies of research have established that firms can benefit from the spillover effects of innovation by other firms and universities, but significantly less is known about the extent to which firms benefit from R&D conducted by governments outside of academia. This year, the U.S. government launched the Unleashing American Innovation initiative, attempting to maximize private use of public research, which a new paper indicates is badly needed.
September 10, 2018
Fact of the Week: Federal R&D Contracts That Operate as Cooperative Agreements are More Likely to Result in Patents
Federal funding of private R&D comes in two forms: grants, in which the government has very little interaction with the research decisions made, and cooperative agreements, in which the government has significant control over research decisions and much more detailed project monitoring. Whether this higher level of government involvement hinders researchers by increasing bureaucracy or ensures that funding is not misallocated is hotly contested, but a paper released in June gives reason to believe that cooperative agreements are used well.
August 20, 2018
Never Lost Again: The Google Mapping Revolution That Sparked New Industries and Augmented Our Reality
In a book review for the New York Journal of Books, Rob Atkinson writes that “Never Lost Again” is a first-class business story, illuminating broader lessons that are easy to overlook when we think about high-tech startups.
July 30, 2018
Comments to the National Institute of Standards and Technology Regarding Federal Technology Transfer Authorities and Processes
While the U.S. government should expand federal support for scientific research, it also should improve the efficiency with which federally funded knowledge creation leads to innovation and jobs.
July 1, 2018
As David Hart and Stephen Ezell writes for Crain’s Cleveland Business, bringing the Energy Department’s voucher program to all national labs could help small businesses across the country.
June 28, 2018
As ITIF’s Stephen Ezell and Richard Owens of the Macdonald Laurier Institute write for the Financial Post, free-riding on drug prices is an example of how Canada refuses to step up to what is required for a globally leading innovation culture.
June 25, 2018
In an op-ed for The Hill, Joe Kennedy explains why the United States and other nations should use carbon taxes to slow greenhouse emissions.
June 25, 2018
Evidence shows a carbon tax will induce innovation that will lower the cost of reducing CO2 emissions. If the revenues are recycled to expand tax incentives for research and capital investment, a modest carbon tax would likely lead to faster GDP growth.