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January 04, 2021 | Tom Ballard

Council on Competitiveness report calls for a 10X increase in innovation capacity

This report strikes very close to home and an initiative underway in the Knoxville region.

Just before the holiday break, the Council on Competitiveness, through its National Commission on Innovation and Competitiveness Frontiers, issued a call to action and roadmap for America to increase its innovation capacity tenfold (10X).

The 10X goal and the roadmap of 50 specific recommendations to achieve it are the product of 15 months of diligent collaboration and effort from nearly 60 National Commissioners and their teams. As noted in this October article, Thomas Zacharia, Director of Oak Ridge National Laboratory, is one of the Co-Chairs of the Commission.

Zacharia is also a key driver in the assessment of the Knoxville region’s entrepreneurial and innovation ecosystem that will be unveiled in a town hall tomorrow morning. Other key players in commissioning Techstars to conduct the study were Randy Boyd, President of the University of Tennessee, an Jeff Lyash President and Chief Executive Officer of TVA.

The national report, titled “Competing in the Next Economy,” is described as a call-to-action for local, state and national policymakers to come together with the private sector to focus in a bold and transformational way to optimize the U.S. for a new, unfolding, challenging innovation reality.

The full report can be found here, while the executive summary is available here and the key recommendations are summarized here.

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