FACT SHEET: Harnessing Innovation for Global Development
President Obama’s Global Development Policy, released in Fall 2010, calls for investments in game-changing innovation to accelerate progress toward development goals in health, food security, climate change, energy and environmental sustainability, and broad-based economic growth. Focusing on innovation utilizes the U.S. comparative advantages in research and innovation, making our efforts more effective and efficient.
Today, government and private sector leaders gathered at the White House to highlight progress in answering President Obama’s call to use science, technology and innovation to promote global development. At this event, several new public and private sector efforts were announced that will:
• Harness the energy, idealism, and expertise of university students and faculty to generate, implement, and evaluate new solutions to critical development challenges;
• Make the greatest use of scientific breakthroughs by expediting commercialization of inventions for humanitarian purposes and rewarding companies that use their patented technologies to solve societal challenges; and
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