President Trump positions drastic cuts to Federal budgets that support innovation and research. This has raised concern nationwide as government, university, and private sector voice objections to cuts. Most critics are saying that innovation is central to the health and continued prosperity of the American economy. While this story is just breaking, federal budget announcements are now under critical scrutiny as many of today’s leading companies, programs, and regions rely on federal dollars to spur innovation.
The Federal Government announced a $17M dollar regional innovation budget for FY17. This is up $2M from FY16. State applications for grants are evaluated based on innovation and regional impact outlined in their proposals. Of interest over the years have been the number of states that have won repeated grants due to sustained progress they keep making. This creates a higher barrier for states new or unaware of the process as they have to compete against much more progressive states that have partnered with the Federal agencies for several years building out an innovation economy in their region.
- What are the current challenges and improvements that need to be made to the defense contracting processes to speed innovation
- How can the federal government say more plugged into innovations across all market sectors
- What are future trends in innovation from a corporate, government, and academic perspectives.