Oiling the Innovation Machine

President Obama was right to highlight the role that innovation plays in strong economies. Innovation and business success are closely linked. Established companies that do not innovate will lose market share to competitors that do. High-growth start-ups are built upon innovations that they want to force into the marketplace.

Yet, while everyone says they want more innovation, words are easy. The tough, practical questions remain: How do we get more innovation and how do we harness it? That is the challenge we face.

Let’s consider the broader ecosystem for innovation.

A Note from the Publisher

America faces a challenging economy and difficult road back to prosperity. Yet, in every challenge there is opportunity, and one of the United States’ greatest assets is its capacity to create revolutionary products, solutions and ideas that change the world. American ingenuity is at its best when things look bleakest. The National Chamber Foundation (NCF) with its U.S. Chamber partners, our Fellows and Scholar Program and unique programming are dedicated to fostering the ideas and debate that will support a robust and innovative American economy.