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Endless Frontier Act - Under Secretary Krach and Touw May 21, 2020

Under Secretary Keith Krach and his advisor Paul Touw... This is one of the decks that the E team presented to Senator Schumer and Young to inspire the bipartisan, bicameral Endless Frontier Act, an initiative to solidify the United States’ leadership in scientific and technological innovation through increased investments in the discovery, creation, and commercialization of technology fields of the future. We came up with the idea in October 2019. Our thinking evolved in early 2020 to produce this product. The bipartisan legislation further targets support to ensure new research investments translate into new American companies, manufacturing and high-tech jobs, and opportunities for regions across the country to become global centers of emerging technology industries. China and others are stealing American intellectual property and aggressively investing in research and commercialization to dominate the known technology fields of the future. We emphasized that without a significant and sustained increase in investment in research, education and training, technology transfer and entrepreneurship, manufacturing, and the broader U.S. innovation ecosystem across the nation, it is only a matter of time before America’s global competitors overtake the U.S. in terms of technological primacy.The Endless Frontier Act proposes an expansion of the National Science Foundation (NSF)—to be renamed the National Science and Technology Foundation (NTSF)—and the establishment of a Technology Directorate within NTSF to advance technology in 10 critical focus areas.

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Endless Frontier Act - Under Secretary Krach and Touw May 21, 2020
Endless Frontier Act - Under Secretary Krach and Touw May 21, 2020
Endless Frontier Act - Under Secretary Krach and Touw May 21, 2020
Endless Frontier Act - Under Secretary Krach and Touw May 21, 2020
Endless Frontier Act - Under Secretary Krach and Touw May 21, 2020
Endless Frontier Act - Under Secretary Krach and Touw May 21, 2020

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Endless Frontier Act - Under Secretary Krach and Touw May 21, 2020

  • 8. Investment Spending with a purpose a) b) 01. 02. The Endless Frontier Act accomplishes three goals with one stone 03. R&D Spending directed in sectors of National Security Importance Public-Private Partnerships to encourage follow-on R&D private investment partnerships Directs $100 billion to the National Sciences Foundation (NSF) Restructures NSF with broader mandate: National Sciences and Technology Foundation (NSTF)
  • 9. 9 A catalyst for R&D investments $100B $200B ~$500B Endless Frontier Act Add Private Sector R&D match for “skin-in-the-game” (+$100B) Add President Approved Partners and Allies (+$300B)
  • 10. 10 Establishes a new Directorate within NSTF New Technology Directorate within NSTF • Responsible for funding fundamental research related to specific international technology challenges with clear geo-strategic implications for the United States • Director would be designated as the lead U.S. Government official for coordinating international science and technology research activities with allies, partners, and international organizations • The new NSTF would have two Deputy Directors—one oversees existing NSF operations, the other oversees a newly established Directorate for Technology • The new Directorate would be given DARPA-like authorities, with the option to utilize program mangers for selecting awardees. • NSTF would have a newly created Board of Advisors for the Directorate for Technology to advise the Deputy Director on how to advanced technology • Congressional leadership would appoint some of the Board, with advice from the National Academy of Sciences, Engineering and Medicine.
  • 15. 15 R&D Objectives • Increase U.S. R&D investment in10 national security sectors • Protect IP and proprietary technology • Compound government investment with private sector and allies • Synergize spending between defense & commercial applications • Leverage private sector resources and know-how • Build collaboration with T-10 partners to counter malign regimes • Strengthen technological warfare capability • Increase economic competitiveness of US and T-10 companies • Create new industries and jobs • Maximize “commercialization” of R&D investments
  • 16. 16 Add public-private R&D partnerships • Leverage Schumer/Young bill (Frontiers Act) ➡ Expands NSF to NSTF, provides USG funding of $100B • Add a public-private sector $1-for-$1 match ➡ Expands R&D sector funds to $200B ➡ Requires private sector skin-in-the-game ➡ But helps direct investments where private sector see needs ➡ Participating private sector companies get some IP rights
  • 17. 17 Safeguard National Security Sectors • Assure all R&D investments are protected • Institute security protocols around invested funds and IP • Strengthen laws for theft of national security sector IP • Not released to public domain • Non-participating nations may get license and pay royalty • Malign competitors excluded and no access
  • 18. 18 For immediate comment, analysis, and further explanations contact: Paul Touw Chief Strategy Officer Senior Advisor to U/S Keith Krach Economic Growth, the Environment, and Energy U.S. Department of State TouwP@state.gov Cell: (202) 664-6421 Keith Krach Under Secretary of State Economic Growth, the Environment, and Energy U.S. Department of State KrachKJ@state.gov Cell: (202) 975-5469 Work: 202-647-7575