the world that the U.S. is serious about retaining its place as the world economic and innovation leader.
—Reform the tax code to incentivize and reward innovation. The current U.S. tax code does not do an adequate job of incentivizing innovation, new business creation, and enhancing the ability of young companies to scale up, expand, and produce in the U.S., and not overseas. As Congress considers comprehensive tax reform for the first time in nearly 30 years, it must not neglect a pro-growth tax code that promotes startups and emerging companies.
—Recognize the importance and benefits of federal research funding. Instead of blunt and indiscriminate cuts through sequestration, Congress and the Administration should take a targeted approach to spending cuts, so as to not wipe out innovation occurring through federal research funding. A more targeted approach will not leave lab benches empty, life-saving experiments stalled, high-wage jobs vacant, and innovative technology trapped in development stages without a pathway to commercialization.
—Encourage the expansion of available spectrum to fuel the revolutionary advancements in mobile technology. Congress should continue to explore ways to expand spectrum availability—the core fuel of the mobile revolution.
—Encourage increased technology transfer and commercialization of federal research. Congress should strongly encourage federal agencies to proactively seek out regional innovation accelerators across the U.S. that already possess the expertise and capacity needed to move technology from the federal lab bench to the marketplace.
—Conduct vigorous oversight of federal agencies with innovation-related regulatory authority and require Innovation Impact Statements for all regulations. Currently, a host of major innovation-related regulations are weaving their way through the administrative process at several agencies. Each regulatory proceeding carries the potential to spark
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Author: Duane J. Roth
In Memoriam: Our friend and Xconomist Duane Roth passed away on August 3, 2013, after a bicycle accident. We at Xconomy are deeply saddened by his loss.
Duane J. Roth was Chief Executive Officer and member of the Board of CONNECT. CONNECT is the globally recognized public benefits organization fostering entrepreneurship in the San Diego region by catalyzing, accelerating, and supporting the growth of the most promising technology and life sciences innovation. Focused on assisting start-up companies in the San Diego region, CONNECT has been directly involved with over 1,500 companies since its inception in 1985.
Prior to joining CONNECT, Mr. Roth founded Alliance Pharmaceutical Corp., where he served as Chief Executive Officer and Chairman of the Board. Prior to Alliance, Mr. Roth held senior management positions at Johnson & Johnson and Wyeth operating companies. He served as a member of the Board of Directors and executive committees of the Biotechnology Industry Organization (BIO), the California Healthcare Institute (CHI), BIOCOM (past Chair), Deep Sky Software Inc., and SAIC-Frederick, Inc. National Cancer Institute. Mr. Roth served on a number of advisory committees and boards of the University of California, including the President’s Board on Science and Innovation, the UCSD Sulpizio Cardiovascular Center (past Chair), the UCSD Skaggs School of Pharmacy and Pharmaceutical Sciences, the Preuss Charter School (Chair), California Institute for Telecommunications and Information Technology (Calit2), the UC San Diego Foundation Board (past Chair), and UCSD Health Sciences Advisory Board. Mr. Roth was active in the San Diego community, serving on the board of the San Diego Regional Economic Development Corporation (past Chair), the San Diego Regional Chamber of Commerce, the Lincoln Club of San Diego (past Chair), the San Diego State University College of Business (past Chair), San Diego State University Sciences & Engineering Dean’s Advisory Board, as co-Chair of the Regional Housing Working Group, and a member of the Advisory Council for Math for America. Mr. Roth also served as a member of the Executive Board for the California State University (CSU) Professional Science Master’s (PSM) Programs. Mr. Roth was appointed to the Independent Citizens Oversight Committee for the California Institute of Regenerative Medicine (CIRM) by Governor Arnold Schwarzenegger and he also served as a member on the Governor’s Commission for Jobs and Economic Growth. Mr. Roth was a graduate of Iowa Wesleyan College, where he served as a trustee.
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