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Fed Innovation Agency Proposed
 

Trade and policy groups are urging the government to take a bigger role in boosting U.S. innovation.
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Amid increasing competition from global markets, high-tech trade and policy groups are urging the government to create a new federal agency dedicated to boosting U.S. innovation.

In a recent study, the Information Technology and Innovation Foundation, a Washington-based think tank, and the Brookings Institute, a public policy group, proposed launching a publicly funded national innovation foundation. The agency, modeled after the National Science Foundation and the Corporation for Public Broadcasting, would oversee industry-university research partnerships, research grants, best practice processes, and other measures aimed at encouraging the development and adoption of technology among U.S. businesses.

The agency, which would act as a point of contact for all innovation-related issues, would run out of the Commerce Department, the study said. The two groups say they hope to press the issue with Senate lawmakers in the months ahead.

 

Last updated: Apr 28, 2008




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