Thomas Frey: As part of preparing for the upcoming Colorado Innovation Summit, the research team at the DaVinci Institute has spent the past few months reviewing hundreds of factors influencing innovations in the US. Using a scoring system designed to assess the overall impact of each of these factors; a group of the Institute’s staff and advisors weighed in.

The effects of globalization are clearly evident as R&D money begins to shift to China and India. And the baby boom demographic is also creating havoc both in the areas of retiring scientists and engineers and our country’s ability to backfill these vacancies with competent new hires.

The proliferation of new technologies is also evident in the sheer volume of patent filing and the vast number of products in the marketplace.

Three categories of technology made the list as being the most promising areas for innovation. These areas include mobile and wireless, biotech, and entertainment. It was felt that these areas would be dominated by U.S. innovations for many years to come.

More here.Click here to see the Top 10 Trends in Innovation.