Technology innovation

The development of new technologies and knowledge drives global economic growth and improves standards of living around the globe. Innovation in pharmaceutical drugs, energy sources, transportation, software, and many other areas saves lives and lifts people out of poverty. However, there is significant opportunity for more positive impact. Technology innovations are sometimes not accessible to the poor (such as with some pharmaceutical and medical innovations), face barriers to widespread adoption (such as with some energy innovations), or have a harmful impact on society (such as e-cigarette innovations). Corporations play a critical role in both creating technology innovations and ensuring they have a positive impact on society, including through economic growth and good jobs created, social and environmental problems addressed, and equitable access to new technologies