The White House released its Strategy for American Innovation Friday, outlining plans to "out-innovate, out-educate, and out-build the rest of the world."
Topping the list of proposals were the administration's wireless initiative, patent reform, and clean energy. The report also laid out goals to increase science and math education as well as a program to encourage entrepreneurship.
The proposed wireless initiative aims to help businesses extend high-speed wireless Internet to 98 percent of Americans within five years, as well as expand the amount of spectrum available for commercial use.
On patent reform, White House officials say they support both administrative and legislative plans to fix the "enormous" backlog at the patent office.
The report calls for a clean energy standard to of delivering 80 percent of America's energy from clean sources by 2035. President Obama also calls for more funding to help develop more advanced technology vehicles.
"The next waves of innovation and economic growth may come from many corners," the report states. "In areas of well-defined national importance, public investments can help catalyze advances, leveraging key breakthroughs and U.S. leadership."