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Meeting Global Challenges German-U.S. Innovation Policy: Summary of a Symposium (2012) / Chapter Skim
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Opening Remarks for Germany--Georg Schutte
Pages 39-42

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From page 39...
... National Academies and organized by Ambassador Murphy, served as preparation for the current symposium, "an intensive dialogue on the best paths for research policy, technology and innovation policy." The current symposium, he said, sends important signals in two ways. The first was a common basic conviction shared by the United States and Germany: the belief that science, research, and innovation are central in the search for solutions to the major challenges of our time, including climate and environmental protection, improved health care, safety issues, and economic prosperity.
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From page 40...
... Yet another strength, he said, are its highly efficient capital markets, particularly the availability of venture capital and risk capital. Finally, technological success is supported by government investments in R&D, which is "markedly higher than in Germany and Japan." These factors combined, he said, to create opportunities for disruptive innovations that are "significantly greater than in Germany and Europe." In Germany, Secretary Schütte said, assets include the steady strengthening of the small and medium-sized enterprises known as the "hidden champions." These SMEs specialize in certain niches, and become world leaders in very specific technologies, notably through the highest levels of quality.
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From page 41...
... Germany and the United States have similar resources in research, technology, and innovation policy. One such resource is an ambitious and comprehensive innovation strategy.
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From page 42...
... " For example, he suggested, both countries share an interest in using renewable energy as efficiently as possible. In such areas, there may be not only common technological interests, but also common political challenges and goals.
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Key Terms

  • southeast asia
  • entrepreneurial spirit
  • energy research
  • business models
  • companies benefit

  • innovation strategy
  • industries experience
  • fraunhofer society
  • including climate
  • public research

  • renewable energy
  • common technological
  • german innovation
  • highly efficient
  • budgetary restraint

  • german universities
  • close ties
  • common feature
  • common basic
  • countries cooperate

  • individual projects
  • energy supply
  • efficient capital
  • individual countries
  • countries work

  • safety issues
  • president obama
  • translate available
  • challenges posed
  • capital resources


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