Getting new material and process innovations to market takes too long, according to the U.S. government, and observers everywhere. The new Federal
- More extensive use of computer modeling
- More open sharing of innovation research and development results ("The materials community must embrace open innovation," states the founding report, Renaissance of American Manufacturing)
- Improved use of today's best engineering tools - that alone could reduce the current process from an average of seven years down to two or three, according to the report
President Obama has proposed $100 million for this project so far - let's hope it's enough:
With China rapidly closing the funding gap for science research and development--Chinese government support for R&D rose to $3 billion in 2011, seven times the level in 1998--the U.S. will need more than its reputation to stay on top.