Innovative U.S. firms, or those that engage in high levels of R&D to develop new products or services, in the aggregate, operate in too few markets relative to the social optimum, thus resulting in less knowledge spillover.

Fact of the Week: US Innovative Firms Operate in Too Few Markets Relative to the Social Optimum

When the federal government committed $500 million to invest in a Manufacturing Innovation Institute, non-governmental entities pledged twice as much, writes John Wu in Innovation Files.

Innovation Fact of the Week: When the Federal Government Committed $500M to a Manufacturing Innovation Initiative, Industry and Academia Threw in $1B More

National Science Foundation public-private R&D projects saved $700,000 in R&D costs per project in 2014, writes John Wu in Innovation Files.

Innovation Fact of the Week: NSF Public-Private R&D Projects Saved $700K in R&D Costs Each in 2014

Traditional theories of innovation stress the division between “basic” and “applied” research, and this division is embedded in federal R&D policy: The National Science Foundation (NSF) and the Department of Energy’s Office of Science (DOE-SC) conduct basic research, while DOE’s energy technology offices fund applied research and development.

Fact of the Week: Projects Funded by ARPA-E are More Likely To Produce a Patent and Scientific Publication than Projects Funded by Other DOE Programs

A recent study highlights the critical role the U.S. government played in financing and developing patented technologies coming out of regional technology clusters.

Fact of the Week: R&D Spending During WWII Spurred a Sustained Wave of Innovation That Lasted Through the 1970s

Innovation can be approximated across many different metrics, which can present very different impressions of where new technologies are being created and utilized. In a new report, the OECD has analyzed the 2,000 companies that invest the most in R&D for their output related to artificial intelligence.

Fact of the Week: US-Based Scientists Have Published 44 Percent of Recent AI-Related Scientific Articles but Have Been Awarded Only 20 Percent of AI-Related International Patents

While not statistically significant, this is suggestive of greater innovation impact.

Fact of the Week: Minority-Owned Firms Receive Fewer SBIR Awards, But Are Slightly More Likely To Be Granted Patents for Their Work

Small energy-technology companies that receive an SBIR grant are twice more likely to receive venture capital investment in the future, writes John Wu in Innovation Files.

Fact of the Week: A Small Business Innovation Research Grant Doubles an Energy-Technology Company’s Chances of Later Receiving Venture Capital

Fact of the Week: A Small Business Innovation Research Grant Doubles an Energy-Technology Company's Chances of Later Receiving Venture Capital

This spike in both volume and share of AI-related R&D from government agencies illustrates a long-term commitment of countries like the United States to direct public investment toward AI innovation.

Fact of the Week: NSF Will Invest Over $43 Million in 44 Regional Innovation Engines Teams

Related

Fact of the Week: US Innovative Firms Operate in Too Few Markets Relative to the Social Optimum

Innovation Fact of the Week: When the Federal Government Committed $500M to a Manufacturing Innovation Initiative, Industry and Academia Threw in $1B More

Innovation Fact of the Week: NSF Public-Private R&D Projects Saved $700K in R&D Costs Each in 2014