30 Oct '11, 11am

Why the Government Needs to Play a Role in Innovation

Why the Government Needs to Play a Role in Innovation

These are the prepared remarks from David Sandalow, Assistant Secretary for Policy & International Affairs at the U.S. Department of Energy, presented at Yale University on October 21, 2011. My topic today is government's role in innovation. Let's start with three stories. In 1965 , a U.S. government employee named Bob Taylor had an idea about how computers could communicate. He took the idea to his boss Charles Herzfeld, head of the Defense Advanced Research Projects Agency (DARPA), who invested government funds in exploring it. That led to the ARPAnet and, in turn, to the Internet, changing the world. In 1980 , two U.S. government employees named Leo Schrider and Robert Wise published a paper in which they described work by the Department of Energy to extract natural gas from shale rock. Noting "declining gas reserves" in the U.S., the two argued that U.S. shale formatio...

Full article: http://www.greenbiz.com/blog/2011/10/29/why-government-ne...

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