Recently another Hollywood Video store closed in my neighborhood. I searched the web for the latest news on this company and found, on their website at hollywoodvideo. com , the following message: Thank you for visiting hollywoodvideo.com . The company is in the process of exploring ways of delivering to you and we anticipate that this website will be under ownership shortly. We know the story quite well. Hollywood Video could not sustain its business model. Netfl ix replaced them as the household name in entertainment. Hollywood Video failed to reinvent itself, and as a result owners will come to the rescue. Time and again, we have witnessed similar stories of obsolescence. In 2005, a colleague of mine estimated that the average life expectancy of an SP our dominance has been challenged economically, demographically, technically, and politically in recent years, and the last recession has exacerbated the situation. Like Hollywood Video, the nation needs concrete goals and an innovation strategy to sustain its leadership position and maintain the standard of living for its citizens. And like Hollywood Video, which is still fi guring out what its new ways of delivering entertainment will look like, the United States has so far failed to create the next major industry to drive the economy in this century. The manned space program and the Star Wars program created innovations and industries that fueled growth in the second half of the twentieth century. In the 1970s and 1980s, we declared war on cancer and HIV, sparking another round of innovation. In the 1990s and into the 2000s we had a boom in Internet businesses, mobile computing, and social networking. But no equivalent catalyst has yet emerged for twenty-fi rst century innovation. Allocating budgets for education, science, and technology without a comprehensive, holistic innovation strategy is no longer suffi cient. And we cannot rely on the private sector to lead the national innovation strategy without incentives to take the massive risks required. It is time to focus national science and technology policy to propel the economy for the next century. So what should the U.S. innovation strategy look like? Although this discussion will ultimately require the engagement of business leaders, policy makers, educators, economists, and politicians, I'd like to suggest a few broad areas for emphasis. Where to Play In devising a national innovation strategy, we must pick the platforms that have the greatest potential for job creation, leverage our talents and natural resources, and fi ll major national and global needs. …