We will kick-start investment in innovation to grow our economy and create good, middle class jobs.
To get our economy growing again, we need to immediately invest in helping our businesses and entrepreneurs – including those in manufacturing – become more innovative, competitive, and successful.
Over the next three years, we will:
- invest $200 million each year in a new Innovation Agenda to significantly expand support for incubators and accelerators, as well as the emerging national network for business innovation and cluster support; and
- invest an additional $100 million each year in the Industrial Research Assistance Program, which has a proven track record of helping small- and medium-sized businesses to innovate and become world leaders.