Personal computing, the Internet, and the expansion of IT into almost every facet of business and industry over the last quarter-century have all significantly diminished the role that the U.S. Government plays as a sponsor of new IT innovation. Today's new technology stars want to work for Google, not Uncle Sam.
Globalization and outsourcing have also scattered innovation and next generation IT development to countries all over the world. The bottom line is that IT innovation is no longer an American-dominated enterprise. For example, the NBIA (National Business Incubator Association) now lists member organizations in over 40 countries.
During this last 25-year period, a big change also occurred in not only where but also in how new IT products have been designed and developed. Enter the age of Angel Financing and Venture Capital as a global phenomenon. Predominance moved from government-funded research labs to entrepreneurs financed by private capital markets. Major technology companies shifted their strategies from focusing on internal new product R&D to expanding their offerings through the acquisition of promising new technology companies.
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