In last night’s State of the Union Address, the president strongly emphasized America’s need for innovation in order to “win the future.” His speech, not surprisingly, focused largely on the improvement of the economy. He challenged Americans to hone their creativity to achieve the innovation that will keep our country competitive in global markets and continue on the path to economic recovery. Obama’s support has struck a pleasant chord with the business and technology communities.
What does the president’s encouragement of innovation mean for the technology industry? Obama praised the tech industry for creating American jobs and gave a nod to successes of Google and Facebook. Obama proposed increasing investments in education, making high-speed, wireless internet more readily available to more citizens, and improving clean-energy initiatives. These proposals mean more government money going directly to the research and development of new innovative technologies, particularly clean technology and information technology.
As Obama illustrated, America has a history of bright minds and great progress. By investing in young thinkers and new technology, the government can help increase the American contribution to the digital revolution, which continuously improves citizens’ lifestyles with each innovation. Obama plans to send a budget outlining the proposed investments to Congress in the coming weeks. It will be interesting to observe over the next legislative year how his proposals are addressed and developed in Washington and the impact they have on tech policies and businesses.
To support the American spirit of innovation check out the CEA sponsored website www.innovation-movement.com.