US President Barack Obama on Innovation

President Barack Obama on Wednesday in his 2014 State of the Union address said the country that goes "all-in" on innovation will own the global economy tomorrow as he asserted that the US should not surrender its edge in this field.

"We know that the nation that goes all-in on innovation today will own the global economy tomorrow. This is an edge America cannot surrender.  Federally-funded research helped lead to the ideas and inventions behind Google and smartphones," Obama said.