No science, no startups: The innovation engine we're switching off (steveblank.com)

Article summary

The article discusses the importance of science and research in driving innovation and startups, and how the US has historically supported scientific research at scale. It highlights the role of scientists, engineers, and entrepreneurs in creating advancements that have made the US economy thrive. However, the article notes that the US is switching off its innovation engine, with corporate research labs disappearing and universities taking over basic research. This shift has significant implications for the country's national power and ability to drive innovation.

Main themes

• Science and Innovation
• Corporate Research
• University Research
• Economic Impact
• National Power

What commenters say

• The decline of corporate research labs has led to a loss of innovation and progress, as companies prioritize short-term gains over long-term investments in research and development.
• The shift from corporate to university-based research has created a system where scientists must spend a significant amount of time writing grants and training grad students, rather than focusing on research.
• The emphasis on shareholder value and quarterly returns has led companies to abandon basic research and focus on applied research, which has negative consequences for society and the economy.
• Some argue that the decline of corporate research labs is a result of poor management and leadership, rather than a inherent flaw in the concept of investing in basic research.
• Others believe that the rise of university-based research has been beneficial, leading to breakthroughs and innovations that might not have occurred otherwise.
• There is a need for a balance between short-term gains and long-term investments in research and development, as well as between the pursuit of profit and the greater good of society.
• The decline of corporate research labs has led to a brain drain, as talented researchers and engineers are no longer attracted to careers in industry.
• Some argue that the focus on diversity and inclusion has led to a decline in the quality of research and innovation, while others see it as essential for driving progress and creativity.