Radical and Incremental Innovation and the Role of University Scientist

Innovation has emerged as a source of economic growth, employment creation, and global competitiveness in the United States. On February 2011, President Barack Obama released his vision and plan for A Strategy for American Innovation: Securing Our Economic Growth and Prosperity. Similarly, in his 2011 State of the Union Address to the United States Congress, President Obama emphasized, “America’s economic growth and competitiveness depend on its people’s capacity to innovate. We can create the jobs and the industries of the future by doing what America does best—investing in the creativity and imagination of our people. To win the future, the U.S. must out-innovate, out-educate, and out-build the rest of the world. We have to make America the best place on earth to do business.”