Conference Presentation, Fireside Chat, Panel, Interview
Milken Institute/Google -- Innovation
Milken InstituteAneesh Chopra, Vijay Vaitheeswaran, Tony Fratto, Pablo Chavez, Brad Belk, Tony Prado, Shalina, Alayna Nolan, Tim Jarbo
- The U.S. aims to lead the third wave of internet-era economic growth via a national wireless initiative.
- An "all-hands-on-deck" approach is planned to address major challenges in health, energy, and education.
- The government intends to utilize prizes, challenges, and competitions to fund outcomes that stimulate innovation.
- Investment in health IT is projected to rise 46% as vendor participation is predicted to exceed 600 through standards and open data.
- While health IT investment is expected to grow, biotech and federal device investments are forecast to decline.
- Blue sky research is deemed essential for future innovation but is currently underinvested.
- A billion-dollar hidden tax on solar permitting is targeted by the "Race to the Rooftop" initiative, supported by a new Department of Energy grant program to streamline local processes.
- Future innovation is expected to rely on the convergence of exponential technologies like genomics, proteomics, and synthetic biology to address climate change.
- Business models currently viewed as unimaginable are anticipated to emerge within the next 10 to 30 years.
- The most significant future innovation is expected at the intersection of bio, info, and nano technologies.
- The 1930s are identified as the greatest century of innovation and productivity growth despite the Great Depression.
- Companies investing during economic downturns are expected to develop more productive methods to connect capital with markets.
- The Open Education Data Initiative plans to create a math progression "GPS system" by adopting Common Core standards across 40 states.
- The Learning Registry aims to enable global lesson plan discovery, remixing, and sharing by tagging objects to Common Core standards.
- Schools are expected to experiment with platforms like Khan Academy to facilitate peer-to-peer instruction.
- New crowdfunding rules are anticipated to be passed by Congress to reduce policy barriers for startups.
- Large companies are expected to contribute $1.2 billion in in-kind resources to the Startup America partnership to assist startups in acquiring customers.
- Accounting standards are projected to shift toward recognizing the value of intangibles on balance sheets.
- Future policy is suggested to extend tax credit benefits for open innovation models similar to those granted to traditional silo research in Canada.