Innovation Nation: An American Innovation Agenda for 2020

Business Roundtable CEOs have put forward a cross-cutting policy agenda to secure U.S. leadership in innovation, maintain a robust U.S. economy and increase living standards for all Americans through 2020 and beyond.

Leadership in innovation is one of the most important factors for the future of the United States. Through innovation, we can continue to achieve sustainable, long-term economic growth that increases prosperity and leads to a higher standard of living for all Americans. While America remains the global leader in innovation, there are legitimate concerns that we are losing ground as other countries acquire market access and pour massive resources into research and development, advanced infrastructure and education.

As America’s public policy priorities, demographics and economy continue to evolve, it is more important than ever to establish a national innovation agenda championed by leaders of our government, business community, academic institutions and civil society.

That’s why Business Roundtable has developed a national innovation policy agenda. Drawing from ideas discussed during our CEO Innovation Summit last December, “Innovation Nation: An American Innovation Agenda for 2020” is a cross-cutting agenda comprised of policy recommendations to secure U.S. leadership in innovation and position American workers for success in a future economy.

Our agenda is guided by the following principles:

  • Invest in people. The U.S. needs to build a diverse, modern and world-class workforce for innovation across all sectors of the economy.
  • Make strategic, long-term investments in science and technology. The U.S. needs to strengthen foundational research, make strategic investments in science and technology, and deploy enabling infrastructure to sustain dominance in underlying technologies, such as artificial intelligence, quantum computing, advanced robotics, aerospace and advanced medicine.
  • Remove roadblocks to innovation. The U.S. needs to create a regulatory environment that encourages and enables innovation.
  • Position America to compete and thrive worldwide. The U.S. must understand the scope of other countries’ efforts and respond to their actions while promoting market access for American innovations as well as rules to protect those innovations and investments.
  • Pursue inclusive innovation. Innovation activity in the U.S. needs to be pursued inclusively and its benefits shared broadly across diverse groups and communities throughout society.
“This United States is, without question, the world leader in innovation. This agenda offers a bold vision and concrete plan for America to continue on this path—one that invests in people, science and technology and enables and supports entrepreneurship and risk-taking. It’s this mindset that established America as the great innovator—the nation that invented the light bulb, put a man on the moon and changed the world. Business and government must collaborate to maintain this momentum, position its people for success and spur future innovation.
 
“Today, Business Roundtable calls on Congress and the Administration to once again prioritize American innovation by enacting a national innovation policy agenda—one that will cement the country’s position as the global leader and benefit the U.S. economy and the American people for years and generations to come.”
Jamie Dimon
Chairman and CEO, JPMorgan Chase & Co.
Chairman, Business Roundtable