On the contrary, there is an essential but carefully circumscribed role for the state in fostering innovation.

FORBES: Innovation Works Best When Government Does Least

Social media is also used by companies for fostering innovation an area ripe with potential for corporate secrets to leak out.

FORBES: Social Media Risk Is Like Wildfire. Where's the Fire Engine?

Despite discouraging current economic circumstances, I am still confident that by fostering innovation and creativity the U.S. can emerge stronger and more competitive.

FORBES: Are We Missing the Opportunity to Ensure America's Economic Future?