Quora Response: Fueling Innovation and Entrepreneurship
On the Q&A platform Quora today, Chief Technology Officer Todd Park answered a question about President Obama’s efforts to fuel innovation and entrepreneurship. Read Todd's response below, or join the conversation on Quora.
Quora question: What efforts has President Obama made while in office to encourage entrepreneurship and innovation? I'm looking for specific examples of things the Administration has done to foster innovation in the US.
President Obama’s efforts to fuel innovation and entrepreneurship are wide-ranging and unprecedented. As Chief Technology Officer of the United States (a position created for the first time by President Obama), I see these efforts first-hand throughout the Administration—and as an entrepreneur who cofounded a company at age 24 and took it public ten years later, I have a special appreciation for how startups and innovation create jobs and prosperity across the country.
Let’s focus on three areas where the President’s leadership is making a huge impact: promoting high-growth entrepreneurship, helping accelerate technology breakthroughs, and investing in the “building blocks” of innovation. This is by no means a comprehensive list of every Administration effort to foster innovation across the United States, but every example below is specific, impactful, and well underway.