Technological Innovation Crucial to Future American Economic Prosperity
United States of America (Press Release) March 27, 2008 --
Raleigh, NC. Citing the national economic decline as evidence of deeper structural economic problems in the American economy, the Capital Formation Institute, an economic think-tank, is sponsoring a national call-in roundtable on April 10, 2008, to discuss why innovation economics is the nation’s only long-term viable solution.
“We are not going to solve the economic problems in America with a $600 tax rebate,” said Dan Loague, the Executive Director of the Capital Formation Institute. “Our analysis of the issues indicates that a sustained commitment to innovation economic development in each metro region of the country is America’s last best hope for global economic comparative advantage.”
In response to the economic conditions in the country, Loague organized a national roundtable discussion, The New Reality of Innovation Economics (http://cfi-institute.org/Roundtable/RT_IE_promo.html).
“We believe that the primary economic activity in the country should be new venture creation in the nine high technology industrial value chains that exist in each metro region,” said Loague. Our roundtable is designed to bring together sources of venture capital, professional economic developers and technology commercialization agencies to begin formulating a new approach to economic growth.”
The roundtable discussion will be moderated by Loague, and two innovation economic experts, Ed Morrison, Executive Director of the Institute for Open Economic Networks, located in Cleveland, OH., and Thomas Vass, President of The Private Capital Market,® Inc. of Raleigh, NC., and author of Predicting Technology: Identifying Future Market Opportunities and Disruptive Technologies. (2007).
The roundtable will address the critical issues of using innovation to drive an effective economic development strategy. Among the many controversial questions raised by the Moderators, two stand out:
· “Why, if innovation economics is such a great idea, has the adoption and use of this tool of economic development been so slow” and
· “Does the traditional economic development model retard development of regional economic innovation?”
Participants in the CFI Roundtable will be invited to join the discussion and contribute to the evolving approach to building globally competitive community and regional economics. Attendance in the free roundtable will be limited, and pre-registration is advised for those with an interest in participating.
http://www.cfi-institute.org/Roundtable/RT_free_sub_form.html
About the Capital Formation Institute: The mission of the Capital Formation Institute (CFI) is to become the premier international research and educational entity in the fields of early stage capital financing and enterprise creation and growth. This mission will be accomplished by sponsoring and conducting leading edge research projects, by recruiting researchers, by soliciting program and project funding support from both public and private sources, and by organizing and conducting educational conferences, seminars, and workshops in the U.S. and worldwide (based upon this research).
About the Institute For Open Economic Networks: I-Open accelerates innovation and economic transformation in local and regional economies. Our approach is founded on open source development, an effective innovation engine developed in the software industry. Open source development is based on voluntary communities of people contributing to common (often complex) projects.
http://www.i-open.org/our_approach/
About The Private Capital Market,® Inc. The Private Capital Market is a web-based, global due diligence platform that allows private companies to conduct private pass-word protected due diligence business with global sources of capital. The platform was created based upon research findings described in Predicting Technology, that local sources of venture capital needed better methods to connect with global sources of capital to fund new local high tech ventures.
www.privatecapitalmarket.com and www.industrialclusterexperts.com
“We are not going to solve the economic problems in America with a $600 tax rebate,” said Dan Loague, the Executive Director of the Capital Formation Institute. “Our analysis of the issues indicates that a sustained commitment to innovation economic development in each metro region of the country is America’s last best hope for global economic comparative advantage.”
In response to the economic conditions in the country, Loague organized a national roundtable discussion, The New Reality of Innovation Economics (http://cfi-institute.org/Roundtable/RT_IE_promo.html).
“We believe that the primary economic activity in the country should be new venture creation in the nine high technology industrial value chains that exist in each metro region,” said Loague. Our roundtable is designed to bring together sources of venture capital, professional economic developers and technology commercialization agencies to begin formulating a new approach to economic growth.”
The roundtable discussion will be moderated by Loague, and two innovation economic experts, Ed Morrison, Executive Director of the Institute for Open Economic Networks, located in Cleveland, OH., and Thomas Vass, President of The Private Capital Market,® Inc. of Raleigh, NC., and author of Predicting Technology: Identifying Future Market Opportunities and Disruptive Technologies. (2007).
The roundtable will address the critical issues of using innovation to drive an effective economic development strategy. Among the many controversial questions raised by the Moderators, two stand out:
· “Why, if innovation economics is such a great idea, has the adoption and use of this tool of economic development been so slow” and
· “Does the traditional economic development model retard development of regional economic innovation?”
Participants in the CFI Roundtable will be invited to join the discussion and contribute to the evolving approach to building globally competitive community and regional economics. Attendance in the free roundtable will be limited, and pre-registration is advised for those with an interest in participating.
http://www.cfi-institute.org/Roundtable/RT_free_sub_form.html
About the Capital Formation Institute: The mission of the Capital Formation Institute (CFI) is to become the premier international research and educational entity in the fields of early stage capital financing and enterprise creation and growth. This mission will be accomplished by sponsoring and conducting leading edge research projects, by recruiting researchers, by soliciting program and project funding support from both public and private sources, and by organizing and conducting educational conferences, seminars, and workshops in the U.S. and worldwide (based upon this research).
About the Institute For Open Economic Networks: I-Open accelerates innovation and economic transformation in local and regional economies. Our approach is founded on open source development, an effective innovation engine developed in the software industry. Open source development is based on voluntary communities of people contributing to common (often complex) projects.
http://www.i-open.org/our_approach/
About The Private Capital Market,® Inc. The Private Capital Market is a web-based, global due diligence platform that allows private companies to conduct private pass-word protected due diligence business with global sources of capital. The platform was created based upon research findings described in Predicting Technology, that local sources of venture capital needed better methods to connect with global sources of capital to fund new local high tech ventures.
www.privatecapitalmarket.com and www.industrialclusterexperts.com
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