US Innovation Status

I just read this excellent report on the status of innovation in the US (link kindly provided by the excellent Leeander) and I find it just amazing that the authors show a great deal of analytical rigor both in assessing the past and suggesting ways for the future in the form of a public private partnership. The article is long but very well worth your time.
With this kind of approach I see the US going back to the very top of innovation performance. It's time we did a similar assessment in Europe instead of just celebrating innovation and creativity in a very institutional manner.