Achieving an innovation nation
According to a major two-year MIT study that was presented at an Institute conference on Friday, the U.S. economy retains numerous sources of innovative capacity. However, not enough of the innovations that are currently taking place in the United States make it to the market.
The report, which was written by the commission on Production in the Innovation Economy (PIE) at MIT, found that companies of all sizes, from multinational conglomerates to specialized “Main Street” firms, are home to potentially valuable innovations in the advanced manufacturing sector, from academic labs to shop floors.
However, the “ecosystem” of advanced manufacturing in the United States still contains gaps, particularly those that impede innovative smaller businesses.According to the PIE commission, innovative growth and job creation can be aided by innovative policies, partnerships, and programs.