Public Private Partnerships to spur innovation

07/05/2011

President Obama has announced a new initiative that aims to support public-private partnerships in manufacturing. The Advanced Manufacturing Partnership (AMP) aims to intensify the cooperation between government, the manufacturing industry and universities, and invest over $500 million in existing projects in the areas of education, research and infrastructure. The goal is job creation to improve the competitiveness of U.S. manufacturing. The initiative will be led by Andrew Liveris, President and CEO of Dow Chemical, and Susan Hockfield, President of the Massachusetts Institute of Technology (MIT).

The AMP was developed based on a recommendation included in a study by the President's Council on Science and Technology on the future of manufacturing in the United States. The study's authors recommend a shift away from a purely industrial policy in favor of increased innovation policy. According to the study, innovation is the best way to improve the competitiveness of U.S. industry in the long term. The study can be found here: http://www.whitehouse.gov/
 
(This article was first published in Washington News No. 24, June 30, 2011, dbh)