Yet Another Foundation
Thursday 08 May 2008Last month the Brookings Foundation proposed the creation of a National Innovation Foundation.
As the president of a science-based foundation myself, it’s hard to quibble with a new actor in this fertile territory. In fact I think it is a terrific idea, and one that should loom large in the brimming inbox of the next U.S. president.
Why do we need the NIF?
The NSF, NIH, and other federal agencies do a fine job of supporting and promoting basic scientific research. The Commerce Department and the myriad chambers of commerce do their best to encourage business development. But nobody is directly responsible for the in-between part:
- The part that looks after how to convert cool discoveries in the lab to actual products that people can use.
- The part that links federal initiatives with state and local attempts to promote innovation.
- The part that recognizes small start-up operations and large industrial companies are woven of the same cloth in creating the future.
- The part that ignites partnerships among brainy academics, clever entrepreneurs, and smart business people.
- The part that serves as a general clearinghouse, monitor, and chronicler of innovation wherever it occurs on the planet.
And all this for a meager billion dollars. A good deal, for sure!