Investment in innovation

This paper reviews briefly the importance of the U.S.investment in innovation. It then reiterates some of the statistics that support a growing concern related to the declining growth rate of innovation. The importance of business investment in the innovation process is identified as a key element in economic progress. Several charts and graphs are used to illustrate this point. Factors that influence investment are discussed. Finally specific recommendations are made that should be considered by both the public and private sectors.