Technology focused startups play a vital role in US innovation and economic competitiveness. Stimulating job creation in high wage tech hubs like- Silicon Valley, Seattle, Austin and Boston. However— the geographic spread of gains remains uneven.
Enhancing global competitiveness of established sectors like finance, agriculture and manufacturing via precision technologies and data analytics. Accelerating digital transformation as traditional corporates partner with or acquire startups for capabilities in cloud, IoT sensors, cybersecurity etc.
Attracting substantial investment inflows and foreign talent to US innovation hubs – boosting growth of allied industries in services, construction and real estate. Sustaining technology leadership will be vital for US economic strategy given the key enabling role startups play across multiple industries.
Generating high risk, breakthrough innovations in fields like artificial intelligence, quantum computing, autonomous vehicles, biotechnology and clean energy. Startup funding from private venture capital and corporate investors hit new records in 2021, providing fuel for future growth.
Stimulating substantial job creation and clustering benefits in regional tech hubs like Silicon Valley, Seattle, Austin and Boston. High wage positions in software development, research and technical services drive local multipliers – though the geographic spread of gains remains uneven.
Enhancing global competitiveness of established US sectors like manufacturing, agriculture, healthcare and financial services via the integration of data analytics, sensors, automation, predictive modeling and other precision technologies.
Accelerating digital transformation more widely as traditional corporates partner with or acquire startups for capabilities in areas like cloud platforms, internet-of-things sensors, cybersecurity, ecommerce enablers and logistics tech. Startup innovations diffuse rapidly across the economy.
Attracting substantial foreign direct investment inflows into US startup hubs, along with foreign entrepreneurial talent. This boosts growth of allied industries like- business services, construction, real estate, and tourism.