Open Philanthropy recommended a grant of $467,500 over two years to the National Bureau of Economic Research (NBER) to support its Innovation Policy Working Group, led by Professors Benjamin Jones and Heidi Williams. This funding will support a summer boot camp for PhD students on the economics of innovation, as well as an innovation policy workshop. We believe that these activities could help build the field of innovation economics, which in turn could improve science and innovation policy in the U.S. and other countries.