We're going to put America back to work by investing in the things that keep us competitive -- education and high-tech manufacturing, science and innovation.
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"You don't want to have excess cash tied up in the company that's not generating any value, " said Nick Fanandakis, chief financial officer of the manufacturing and science company.
Bolstering manufacturing and investment and science requires vigorous competition among ideas for private-sector funding, not a scientific New Deal that favors politically popular ones.
Second, disruptive new business models are overwhelmingly likely to be hybrids that bring together at least two different innovations in areas that include product design, supply chain organization, retailing models, materials science research, manufacturing and organizational effectiveness.
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The Sector Skills Council for Science, Engineering and Manufacturing Technologies (Semta) has warned car manufacturers faced a skills gap as existing engineers retire.
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As a non-profit social enterprise staffing 20 centers across India and servicing 65, 000 patients each year, 20, 000 of whom require new feet and leg replacements while the remaining 45, 000 require crutches, wheelchairs, hand-peddled tricycles and other aids, Jaipur Foot is not only a global leader in prosthetic science, production and manufacturing, but also surgical in its fiscal discipline.
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The company and the foundation share the same two philanthropic priorities: environmental causes and so-called STEM education, for science, technology, engineering and manufacturing.
Manufacturing requires math, geometry, logic, basic science, engineering and technology skills coupled with a strong work ethic and willingness to get ones hands dirty.
Congress needs to make every attempt to minimize cuts in the areas of science and technology, advanced energy, and manufacturing to ensure long-term economic prosperity.
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Rodney Brooks, Rethink Robotics founder and former director of the MIT Computer and Science and Artificial Intelligence Lab, said he hoped Baxter represented a "new concept in manufacturing".
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