Getting A ‘Big Bang’ For Our Bucks Invested In Innovation

Getting A ‘Big Bang’ For Our Bucks Invested In Innovation

Share to Linkedin WASHINGTON, DC - APRIL 28: President Joe Biden addresses a Joint Session of Congress, with Speaker ... [+] of the House Nancy Pelosi and Vice President Kamala Harris behind, on Capitol Hill in Washington DC Wednesday April 28, 2021. (Photo by Jonathan Ernst-Pool/Getty Images) Momentum is building in Washington for a big increase in the federal investment in research and technology development. The outcome of these deliberations in Congress and the Biden administration could play an outsized role in U. S. economic prosperity, national security, and geopolitical leadership for the next half-century. With multiple revolutionary technologies disrupting the global economy and shaping the future of businesses, industries, and jobs around the globe, we should make no mistake: Our competitors, primarily China, know that these technologies, and their ability to exploit them, are fundamental to their economic and national security. To supplant U. S. global technology leadership and achieve its superpower goals, China is building science and technology capabilities to rival America's own. China is pursuing aggressive plans for every strategic critical technology, including its "big bang" of 10 strategic emerging industrial bases, 100 strategic emerging industry clusters, and 1, 000 strategic emerging industry ecosystems. To meet this