Get ready to meet in person at the NYS Innovation Summit at Turning Stone Resort, Nov 8-9 

December 13, 2013

Empire State Development Announces Innovation Hot Spot Awardees

Empire State Development (ESD) announced today that, through Governor Andrew M. Cuomo’s Regional Economic Development Council (REDC) initiative, the first five regions across New York State were awarded funding to launch Innovation Hot Spot programs. A new facet of the REDC initiative in 2013, the Innovation Hot Spots Competition is designed to make New York State a leader in growing new technology based companies by attracting venture capital and industry-sponsored research spending. The Hot Spots will foster innovation by offering start-ups valuable business support services to help commercialize academic research and promote further collaboration between business and academia.

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How to Commercialize Innovation and Support Manufacturing

The Massachusetts Institute of Technology’s (MIT) Production in Innovation Economy (PIE) commission isn’t satisfied with how the United States is commercializing innovation and supporting manufacturing. Although America still has deep reserves of innovation capacity, decades of decline in our manufacturing base have made it difficult for companies to bring new products and technologies to market.
At September conference, the PIE commission summarized its findings, offered recommendations, and asked tough questions that require answers from more than just manufacturers. After collecting data and conducting hundreds of interviews with industry leaders, MIT faculty members explained how the U.S. can turn its strengths in science and research into businesses, products, and jobs.

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