Energy.Gov/Science-Innovation – As a science agency, the Energy Department plays an important role in the innovation economy. The Department catalyzes the transformative growth of basic and applied scientific research, the discovery and development of new clean energy technologies and prioritizes scientific innovation as a cornerstone of US economic prosperity.
Director’s Blog: by Kathi Vidal, Under Secretary of Commerce for Intellectual Property and Director of the USPTO
2023-02-23 – If we, as a nation, can build an innovation economy that more closely reflects the diversity of our citizens and equally enables everyone to invent, start businesses, and access IP protection, just think of the problems we would solve! The USPTO is dedicated to advancing this endeavor.
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2024-09-26 – Global Innovation Index 2024 – This year’s Global Innovation Index (GII) highlights the growing significance of “social entrepreneurship,” a crucial source of innovation often overlooked by policymakers, innovation economists, development agencies, and funding institutions.
“At every level—local to global—and across social, economic, and environmental areas, creativity is needed to reinvent globalization and to reconcile sustainability, equality, and prosperity. In the end, it is no surprise that some of the top GII innovation economies in North America, Europe and Asia also boast some of the most active global science, technology, and innovation clusters. GII data, especially at city level, can guide the policies and investments needed to support these efforts effectively.”— GII Co-Editor and President of IMD’s Smart City Observatory Bruno Lanvin
“We aim to add 10 per cent headcount to the corporate banking team across Asia next year,” said Oliver Brinkmann, Asia-Pacific co-head of global corporate banking.
2024-09-22 – The enduring US-UAE partnership is united by innovation and progress – When it comes to advanced technologies and artificial intelligence, few countries are working as closely and moving as quickly together as the United States and the UAE. The U.S. Silicon Valley and the UAE “Silicon Oasis” are driving AI research and innovation toward the frontier. And they are doing so in partnerships that span labs, boardrooms, and advanced production facilities. The drive along Sheikh Zayed Road from Abu Dhabi to Dubai feels very familiar to any American tech executive, with Google, Meta, IBM, and Microsoft signs lighting the way. This week, Abu Dhabi’s technology investment firm MGX joined with Microsoft, U.S. investment firm BlackRock, and others to launch a new technology infrastructure investment platform. Over the past year, Silicon Valley’s Cerebras teamed up with the UAE’s G42 to deploy several of the world’s fastest supercomputers for AI training in California and Texas. Mubadala’s transformational investment in NY-based GlobalFoundries is helping to expand U.S. semiconductor manufacturing and adding thousands of jobs to the region’s innovation economy. G42 is also partnering with Microsoft’s Azure on a new cloud computing platform in the UAE and working with other U.S. tech leaders like Nvidia, AMD, VAST, and Qualcomm to scale up advanced technology infrastructure in the UAE.
2022-08-20 – SEC Warns Investors About the Risks of Reg D – While there are intrinsic risks to any investment, Reg D offerings provide capital to a highly important sector of the economy as most all promising early-stage firms utilize the exemption. It is a well-trodden path for the innovation economy. The market is sizable, too – around $1 trillion annually – larger than the IPO market in the US.
2022-05-24 – Silicon Valley Bank’s Erin Platts: Tech stock ‘recalibration’ is no bad thing – Erin Platt, European head of Silicon Valley Bank – As for the longer-term prospects for the UK’s startup scene, recent events have done nothing to dampen her optimism. “The UK and European innovation economy is going to have a phenomenal five years.”
2022-04-06 – A Reason to be Optimistic? The Innovation Economy – by Greg Becker, President and CEO, Silicon Valley Bank – “As we—the innovation economy—invest in what’s next, it is our responsibility as corporate and industry leaders who are advocating for technology and positive disruption to ask tough questions: How can innovation produce more benefits for more people? What is the impact when these innovations are introduced to the world? What economic opportunities are there in these evolving job-creating ecosystems?”
2021-06-29 – CBI President Lord Karan Bilimoria – We face a perfect storm of staff shortages – Meanwhile the government is investing huge amounts in our economy – funding infrastructure and innovation. And we’ll never have a greater opportunity to transform our economy and society, for the better, than right now. This is our chance.
So last month, the CBI launched an economic strategy for the UK. It’s called: Seize the Moment. It builds on months of discussions with business and detailed research. And identifies six big opportunities: From decarbonising the economy to win the global race to net-zero; to an innovation economy with breakthrough ideas and technologies; to a regionally thriving economy in which every region and nation plays to its comparative strengths; to a globalised economy, making the UK a trading powerhouse; to a healthier nation in which employee health and wellbeing is the foundation of productivity.
If there’s one thing we can all agree on, this is a unique moment. The COVID-19 pandemic has accelerated the acceptance of technology globally, especially in Europe. Thankfully, tech companies and startups have proven to be more resilient than much of the established economy. As a result, the EU’s political leaders have started to look towards the innovation economy for a more sustainable future in Europe.
2021-05-18 – Secretary Janet Yellin – A Better Deal for Americans – America needs to have a strong presence in global markets. We will fight for a level playing field for trade and investment, and we will confront adversaries who take advantage by ignoring or abusing rules and norms of behavior.
At the same time, we should embrace competition abroad as we embrace it at home. Let others innovate and advance. Let us seek to advance faster and further. We ultimately benefit from the positive spillovers of innovation wherever it occurs. As in any competition, if you lose one contest, you work harder to win the next. The better the competition, the stronger you will get. That has been the American way.
CONCLUSION To conclude, it is the time to recommit our government to playing a more active and smarter role in the economy. The Administration’s planned actions are not fiscal stimulus in the way we have seen in the past. Nor are they intended to target a particular size of government. Rather, we’re proposing smart investments — to make our economy more competitive and sustainable, to provide opportunities for all families and workers, and to make our tax system fairer.
America’s leadership in science and technology comes in part from our unmatched ability to recruit, train, and retain the world’s best talent. Our doors must be open to the best and the brightest, and we should make it easier for experts in vital technology fields to come to the United States and help grow our innovation economy. In parallel, a renewed focus on STEM education, skills-based training, and school-to-work apprenticeship programs will empower American workers and promote job and wage growth around the country.
2021-04-23 Biden and World Leaders Focus on Innovation for ‘Clean Energy Future’ – “As we transition to a clean energy future, we must ensure workers who have thrived in yesterday’s and today’s industries have as bright a tomorrow in the new industries as well as in the places where they live,’ the president said. Mr. Gates, the philanthropist and Microsoft co-founder, on Friday also called for huge new public and private investment in innovation to meet Mr. Biden’s goals and global targets for avoiding catastrophic climate change.
2021-04-19 – Budget 2021: Building an Innovation Economy of the Future: Department of Finance Canada – Among other things, Budget 2021 proposes to provide $360 million over seven years, starting in 2021-22, to launch a National Quantum Strategy and establish a secretariat at the Department of Innovation, Science and Economic Development.
2021-04-16 businesswire, A Berkshire Hathaway Company – NEO Unveils the G-Corp: The Next-Generation Publicly Traded Acquisition Corporation – In Canada and abroad, NEO is widely recognized as the Canadian stock exchange for companies and investment products driving the innovation economy, with over 120 corporate and ETF listings. NEO has also established itself as the leading Canadian venue for Special Purpose Acquisition Corporations (“SPACs”), with 10 SPAC listings to-date that cumulatively raised over C$2.4 billion and a robust pipeline of new SPAC listings.
2021-04-16 Forbes – British Business Bank Division Makes The Case For Patient Capital – There’s a lot riding on the future success of Britain’s innovation economy. In the post-Brexit world, government ministers are talking up the prospect of Britain become a “science superpower” while also rarely missing an opportunity to assert that the U.K. is already one of the best places in the world to start and scale a company.
2021-04-13 White House FACT SHEET: The American Jobs Plan Supports Small Businesses – Encourage small businesses – especially underserved small businesses – to fully engage in the innovation economy. President Biden is calling on Congress to invest $5 billion in federal programs that empower small firms to participate in federal research and development initiatives that have the potential for commercialization.
2021-03-31 J.P. Morgan Expands Innovation Economy Business with Key Hires for Venture Capital, Technology & Disruptive Commerce Industries – J.P. Morgan Commercial Banking announced today the hire of five key executives to its growing Innovation Economy team within the Middle Market Banking and Specialized Industries (MMBSI) group. This marks another significant milestone in the firm’s commitment to building a full ecosystem around the fast-growing innovation economy, as J.P. Morgan continues to expand its capabilities catering to the unique needs of early-stage companies and investors.
J.P. Morgan’s Innovation Economy group encompasses dedicated Venture Capital (VC), Technology & Disruptive Commerce (TDC), and Life Sciences teams. The group also partners with J.P. Morgan’s other lines of business to deliver the full breadth and depth of the firm’s capabilities to its clients, across Investment Banking, Private Banking and Asset Management
2021-03-23 Microsoft News: Canada Skills Program Expanded to Eight Additional Post-Secondary Institutions – New data from the Information and Communication Technology Council of Canada (ICTC) found that 50 percent of all information technology (IT) departments of companies surveyed in North America currently identified as either short-staffed or understaffed in ICT roles and the innovation economy is expected to create an additional 149 million new jobs by 2025. … “Microsoft continues to invest in skilling initiatives because building a talent pipeline equipped with cloud, data and AI skills is key to strengthening Canada’s innovation economy,” said Kevin Peesker, President, Microsoft Canada.
Formed last year, the alliance is a joint mission of the Valleys Innovation Council, the Roanoke-Blacksburg Technology Council and the Regional Accelerator and Mentoring Program, known as RAMP.
2021-03-01 Birmingham-based startup chosen for prestigious national accelerator program – “The ten teams and sixteen founders that will join Lighthouse Labs this Spring represent the true potential of a more diverse innovation economy in Richmond and beyond,” stated Erin Powell, executive director at Lighthouse Labs. “Access to early capital is extremely limited for underrepresented startup founders, and we are thrilled to do our part to help close that funding gap and support founders as they grow, especially for such a diverse group of entrepreneurs.”
2021-02-24 MediaOffice, Dubai, UAE: District 2020: Curating a Global Innovation Ecosystem as the Future of Expo 2020 Dubai – Tala Al Ansari, Director, Innovation Ecosystem & Scale2Dubai Programme, District 2020, said: … “Through our engagement with Scale2Dubai partners who possess vast entrepreneur networks, we are building a global innovation ecosystem and attracting businesses who will become valuable contributors to the growth of the UAE start-up ecosystem and innovation economy”.
2021-02-22 The Telegraph, UK: A world-leading tech ecosystem needs the support of capital markets – The issue we should be addressing is not whether we tweak the rules around free float, but how we make sure that we educate asset managers and those who invest our pensions and our ISAs so that they are not missing out on the innovation economy’s long-term growth. Do we want our nest eggs invested in dying, moribund sectors or instead the sectors of the future like environmental technology, energy conservation, driverless cars and robotics?
Of course, there is a small minority of investors that have wisely allocated part of their capital to the US’s tech-heavy markets like the Nasdaq and New York Stock Exchange, and who have formed the alliances that allow them to invest early in the companies that have great prospects. Nevertheless, too many funds and asset managers simply don’t have the expertise to properly evaluate next-economy companies.
Over the last decade, the companies that have performed best, not just on the LSE but globally, are these innovation economy businesses. Since Lehman Bros collapsed in 2008, the Nasdaq has massively outperformed the S&P 500, which in turn has massively outperformed the FTSE 100.
2021-02-19 Innovation Revolution: Building A 21st Century City – New Jersey has emerged as one of the most innovative and technologically engaged states in the nation. In 2018, New Jersey Governor Phil Murphy appointed Beth S. Noveck as the state’s first Chief Innovation Officer, responsible for making government services more responsive and jumpstarting its innovation economy.
2021-02-18 Microsoft Canada: Building future agility with cloud – The adoption of digital infrastructure and integrated solutions has become a requisite for Canadian organizations – and for many, this crisis truly demonstrated that legacy systems no longer cut it. To thrive in the innovation economy, you need a connected cloud that allows applications to work seamlessly together for a 360-degree view of your organization, offering real-time insights that bring better business results.
2021-02-18 How To Build A Better Manufacturing Ecosystem In California – California has a rich history as a manufacturing hub, from aerospace companies that made their home in the Greater Los Angeles region to the genesis of the U.S. biotechnology industry in the Bay Area. Manufacturers leveraged the state’s network of research universities and its skilled workforce as part of a booming innovation economy, with biotech firm Genentech founded the same year as Apple was incorporated.
2021-02-18 Believe in Ohio is a free, comprehensive, curriculum-based, STEM and entrepreneurship program for Ohio high school students. The program is designed to create a “Culture of Innovation” and to prepare students to meet the demands of a rapidly changing labor market and become contributors to Ohio’s innovation economy.
2021-02-18 A REIT Pioneers Community Solar in New Jersey – “The Community Solar Energy Pilot Program is a smart and sustainable component of our clean energy future that positions New Jersey as a world leader in the innovation economy, while investing in communities and ensuring environmental justice for all,” [Gov. Phil] Murphy said in a prepared statement.
2021-02-18 Wisconsin Technology Council: How planned $100-million state venture investment can help Wisconsin – The Wisconsin economy has certainly been hit by the pandemic, but parts of that economy have stayed solid and are emerging even stronger. The “innovation economy” is one of those places. The National Venture Capital Association recently reported that 2020 was a banner year for U.S. investing, despite COVID-19. Investment opportunities in Wisconsin are growing, not shrinking.
2021-02-10 Moore to the Point: Let the innovators help lead – We have amazing innovators here, disrupting mobility and transportation, manufacturing and health care around the world. They are important leaders in the innovation economy and a relatively untapped resource for our region. One of the most important actions we can take for improving our economic competitiveness is to engage more of these innovators in the economic development and community planning processes alongside our existing, incumbent leadership. Inserting more innovation leaders on our region’s governing boards, planning committees, etc., will be critical to our success.
2021-01-18 Poor knowledge of government incentives is holding back the innovation economy – Concerns are increasing about the quality of advice and service provided from tax to audit, yet while complex, providing this advice is not rocket science. As Peter Bracey, managing director, Bracey’s Accountants insists, it’s about going beyond a black and white tick box exercise to taking an active, continuous interest in a client’s business that is the key to driving forward the Innovation Economy.
2020-10-15 “Aravis BioTech is one of three finalists for the InnoVision Technology Development Award. InnoVision is a non-profit organization that fosters the growth of South Carolina’s innovation economy and recognizes leadership, innovation and technological excellence.” [Clemson University startup company earning rave reviews for improving implant sensors – https://newsstand.clemson.edu/mediarelations/clemson-university-startup-company-earning-rave-reviews-for-improving-implant-sensors/]
2020-10-14 “Opportunities for the NJ Innovation Economy during Covid-19″ virtual conference
We have an incredible opportunity in front of us. If a company or industry isn’t innovating today, by almost any definition, it is dying. Every sector is turning to tech to compete and stay relevant. Whether you’re a young startup, a scaling company or a forward-looking investor, this drive to innovate provides sustainable opportunities. In the big picture, this leads to entirely new market opportunities that in turn make the ecosystem more resilient. We can’t ignore the challenges: Massive change will always create winners and losers—and we all need to do a better job of demonstrating how innovation can close, not widen, the divide between haves and have-nots. Disruption, applied thoughtfully, can make people’s lives better.
“Venture capital is the lifeblood of the innovation economy, and we will be able to bring the unmatched solutions, network and global connections clients need to be successful,” said [Pamela] Aldsworth. MOVES-JPMorgan hires bankers for new venture capital coverage team
2019-10-01 Silicon Valley Bank Introduces “Access to Innovation” SANTA CLARA, Calif., /PRNewswire/ — Silicon Valley Bank (SVB Financial Group, NASDAQ: SIVB), the bank of the world’s most innovative companies and their investors, today announced its Access to Innovation program, which is designed to increase opportunities for underrepresented individuals in the innovation economy. SVB seeks to provide educational and workforce opportunities for emerging talent, increase the connections and funding available for female- and minority-founded startups, and encourage gender parity and diversity in leadership in the innovation economy.
Silicon Valley Bank is also part of TechNet.Org – an organization that says it is “THE VOICE OF THE INNOVATION ECONOMY” and has a membership roster that includes some of the most innovative companies in world.
