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Growing Innovation Clusters for American Prosperity Summary of a Symposium (2011) / Chapter Skim
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LUNCHEON ADDRESS--Karen Mills
Pages 89-92

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 89...
... The agencies have been living in silos, and with an attitude that the government doesn't have a role in regional economic development." Referring to the paper that she, Andrew Reamer, and Elizabeth Reynolds had written for the Brookings Institution,2 she recalled the 250 1 The Maine Technology Institute administers the state-funded cluster grant program with initiatives in boatbuilding, composite technology, food, forest products, and sustainable energy. 2 Karen G
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From page 90...
... About 50 percent of the population either owns a small business or is employed by one." An Umbrella Structure in the Federal Government She said that large companies have already found the necessity to compete globally, and to locate their assets around the world. "Who's going to create the good-paying jobs here in America?
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From page 91...
... "There's no point in having five different voices," she 3 Small Business Investment Companies (SBICs) , with their own capital and with funds borrowed at favorable rates through the Federal Government, provide venture capital to small independent businesses, both new and already established.
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From page 92...
... "Entrepreneurs in Residence" Gregory Horowitt of the University of California and T2 Venture Capital said he wanted to create a national "entrepreneurs in residence program," partnering with the Kauffman Fellows Program, "somewhat of a Peace Corps for the venture industry." This would deploy underutilized people from Silicon Valley, Boston, and other places and redeploy them to work with research institutes. The program would combine the activities of a venture fund, an educational institution, and the translation of science from research institutions.
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Key Terms

  • composite technology
  • sbir program
  • venture capital
  • andrew reamer
  • reinvent ourselves

  • grant program
  • expanded phase
  • using existing
  • boat building
  • christina gabriel

  • wired grant
  • commercialization phase
  • receiving sba
  • fellows program
  • integrate export

  • technology licensing
  • investment companies
  • favorable rates
  • wessner referred
  • heinz endowments

  • additional equity
  • business investment
  • asked advice
  • export activities
  • private institutions

  • golden era
  • additional programs
  • independent businesses
  • helped start
  • finally moving


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