▪ The first step is telling the story: reclaiming a positive narrative about innovation, contextualized as “creating an inclusive innovation economy that works for all Americans.”

▪ The second step is stewardship: defining authorities and responsibilities by convening a representative set of stakeholders to craft the outlines of a high-level agenda, recognizing it will have many owners, executors, and benefactors.

▪ The third step is to produce a coherent national strategy with a “whole-of-society” perspective. A wide range of players and stakeholders must be able to contribute, and an equally diverse milieu of stakeholders must benefit.

▪ Fourth, if it is going to be meaningful, impactful, and benefit all Americans, a renewed U.S. innovation strategy must be scalable and broadly accessible.

▪ Finally, a reimagined U.S. innovation system must maximize the three most importance sources of capital: human talent, intellectual capital, and financial capital.