Innovation Lessons from Ireland

No company or nation will remain in a leadership position without continuous innovation, strategic investment in R&D, and effective means for realizing the greatest value from discoveries and technological advances and exploiting the talent of its population. Strategic incentives at the federal level can enable significant innovation in the United States and stimulate a dynamic and competitive approach to R&D and education. The Morrill Act of 1862 that created the U.S. land grant universities needs a new focus to meet today's volatile economy. Then as now, these universities should be driven by pragmatism and recognition that a focused connection between them and economic and societal challenges can create a competitive advantage for the individual states and economic regions. Demonstration projects should be initiated in 10 to 15 states so the innovation potential can be thoroughly assessed. Performance metrics and strong external boards to guide these projects-with national and international members-will ensure value for money invested.