Ed Markey: “today I am introducing the Consortia-Led Energy and Advanced Manufacturing Networks Act. For more than a century…”

“today I am introducing the Consortia-Led Energy and Advanced Manufacturing Networks Act. For more than a century, America's innovation community has been the foundation of our high-tech economy and generated broad-based growth to support a strong middle class. While our innovators remain the best in the world, we have seen a disturbing trend in recent years. When it comes to moving innovations out of the lab and into the factory, we are getting beat. Breakthroughs achieved in U.S. research universities and laboratories are all too often being commercialized and manufactured overseas. As recent research by the Massachusetts Institute of Technology and others has demonstrated, innovation and production are closely related. When manufacturing facilities move overseas, we lose more than just those manufacturing jobs. We can lose our ability to continue to innovate in that industry and lose our hold on those jobs forever. At the same time, we have some industries in the United States dominated by deeply entrenched companies that are resistant to innovation or adaptation of century-old business models. In those sectors, we need to look at ways of partnering with our innovators on proof-of-concept and demonstration projects so that more breakthroughs can bridge the so-called ``Valley of Death'' between the lab bench and commercialization of a new technology.…”