We need to encourage long term research and innovation with patient capital. Venture capital only funds projects which can turn a profit in a fairly short time frame.

We need more businesses with creative solutions to world problems. With the demise of industrial research labs (for example, Bell Labs) there are few places with a critical mass of long term thinking creative types. Universities have smart researchers, but frequently they are not interested in collaboration with industry or in providing practical solutions. Collaboration across diverse fields is difficult in the University setting because many researchers are extremely specialized.

We need new inventions in the pipe so that our businesses make new technology, not just the same thing faster and cheaper in each generation...