The Biggest Threats to Innovation in America

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What are the biggest obstacles to innovation? Ask these small business owners and entrepreneurs.

What are the biggest obstacles to innovation? Ask these small business owners and entrepreneurs.

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  • Quite right-wing, complain about regulation and then whine about how IP isn't protected. There is actually a guy who claims he invented podcasting and is suing podcasters. Current patent laws around the world are stupid and outdated I absolutely agree that people's IP should be protected but at what cost? Should this protection be allowed to stifle research and make life saving medicines only available to the wealthy?
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  • check out this site!
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  • check out this site!
    http://Earn4Family.com/?share=8168
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  • Really eye-broadening presentation!
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  • Very informative presentation. I like Benjamin Clarke's opinion and want US Chamber of Commerce to manufacture 'Smart TV Set' available at SlideShare.
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  • 1. ! The Biggest Threats to Innovation in America
  • 2. THREAT #1 Anti-Business Attitudes In my lifetime, I have never seen such an antibusiness attitude from our federal government, which inevitably equates to more burdensome regulations, taxes, and fees. Entrepreneurs have to be risk takers, and if there is no reward for taking a risk, American innovation will suffer. So will the prospects for jobs and growth in our own economy. Harold Turner The H.L. Turner Group Inc. Concord, NH
  • 3. THREAT #2 Intellectual Property Protection Intellectual property protection is the lifeblood of any enterprise that creates value from ideas. In the biopharmaceutical industry, protecting our discoveries allows us to turn scientific research into innovative medicines, thereby saving lives and helping patients who suffer from disease. When a country’s intellectual property protections are weakened, the cost and risk of innovation go up, and new treatments can be derailed. John C. Lechleiter, Ph.D. Chairman, President, and CEO, Eli Lilly and Company
  • 4. THREAT #3 Anxiety The biggest threat to innovation is anxiety. Capital is there, but there seems to be a gap between product development and product adoption. It’s also about leadership and people. Without the proper leadership, there won’t be the big C—culture. A defined organizational culture reduces the propensity of poor hiring practices, lack of team effectiveness, miscommunications, and even anxiety over federal regulations. Ronnie Slone President, The Slone Group Metairie, LA
  • 5. THREAT #4 Overregulation I think the biggest obstacles stunting innovative growth are all government induced: the delay in the approval of the Keystone pipeline, the slow growth of the American economy due to Obamacare and other demotivating government influences, as well as the higher level of regulations on fracking and deepwater drilling. Don Begneaud BEGNEAUD Manufacturing Lafayette, LA
  • 6. THREAT #5 The Lack of Experimentation We have lost our culture of experimentation. In K-12 education, students are rewarded for test performance rather than for original thought, doctoral STEM students are advised to do derivative research to earn their degrees, and most grants are given to those doing incremental work on accepted theories. There is no incentive to challenge the status quo, break new ground, or experiment with a totally new idea. Benjamin Clarke PeopleToMySite & InsideAgents Gahanna, OH
  • 7. THREAT #6 The Lack of Talented People The biggest threat to innovation in America is the ongoing loss of talented professionals to other countries and the lack of policies and incentives that entice new intellects and creative entrepreneurs to come to America. Rudaina Hamade RPM Solutions, LLC Dearborn, MI
  • 8. THREAT #7 Onerous Immigration Hurdles The success of this nation has been in attracting people from around the world who are talented, resilient, and driven. If we close the doors to immigration, we’ll be closing the door to future innovation. Shradha Agarwal ContextMedia Chicago, IL
  • 9. THREAT #8 Our Current Education System The single biggest threat to innovation in America is our current education system. On average, American youths score lower on science and math than their global peers. Shama Kabani Marketing Zen Group Dallas, TX
  • 10. What’s threatening your innovation? Let us know! /USChamber @USChamber /USChamber /USChamber