The White House Lays Out Plan for American Innovation

The Obama Innovation Strategy builds on well over $100 billion of Recovery Act funds that support innovation, additional support for education, infrastructure and others in the Recovery Act and the President’s Budget, and unique regulatory and executive order initiatives.

It has three parts:

1. Invest in the Building Blocks of American Innovation.

2. Promote Competitive Markets that Spur Productive Entrepreneurship.

It is imperative to create a national environment ripe for entrepreneurship and risk taking that allows U.S. companies to be internationally competitive in a global exchange of ideas and innovation. Through competitive markets, innovations diffuse and scale appropriately across industries and globally.

3. Catalyze Breakthroughs for National Priorities.

The fact sheets and white paper for the innovation strategy can be found here:

http://www.whitehouse.gov/assets/documents/sept_20__innovation_whitepaper_final.pdf

http://www.whitehouse.gov/assets/documents/innovation_one-pager_9-20-09.pdf

http://www.whitehouse.gov/assets/documents/innovation_three-pager_9-20-09.pdf

Note: Within the Innovation Whitepaper (Page 3) it states:

Promote American exports: Exports will play an increasingly critical role in the future of the American economy, and the President's plans will ensure fair and open markets for American products.

Read more here.