{"id":304658,"date":"2010-02-10T13:06:50","date_gmt":"2010-02-10T18:06:50","guid":{"rendered":"http:\/\/www.technologytransfertactics.com\/content\/?p=5875"},"modified":"2010-02-10T13:06:50","modified_gmt":"2010-02-10T18:06:50","slug":"for-jobs-white-house-should-look-to-university-spinoffs","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/304658","title":{"rendered":"For jobs, White House should look to university spinoffs"},"content":{"rendered":"<p>In an editorial for cnn.com, Krisztina &#8220;Z&#8221; Holly, vice provost for innovation at the University of Southern California and executive director of the USC Stevens Institute for Innovation, argues that the White House should use technology transfer to help solve the U.S. jobs crisis. &#8220;Currently, the federal government is investing nearly $50 billion a year on university research yet barely a dime on university programs to help translate the most promising ideas into new businesses and employment opportunities,&#8221; she writes. &#8220;That&#8217;s like turning up the water pressure but never opening up the faucet.&#8221; Holly advocates the policy proposal <a href=\"http:\/\/stevens.usc.edu\/reports_impact.php\" >IMPACT<\/a>, which she recently presented at a forum on Capitol Hill. The proposal &#8212; drafted by thought leaders in academia, industry, and the public sector &#8212; would expand the nation&#8217;s capacity to harness innovation and create high-paying jobs, according to Holly.<\/p>\n<p>A pilot initiative, IMPACT would invest a small amount of federal funding &#8212; $2 million per program at 10 demonstration sites &#8212; to identify best practices for coaxing breakthrough ideas out of universities and to develop objective metrics for measuring results. The ultimate goal is to expand the program to all eligible universities, creating jobs in newly created businesses for Americans who are eager to work. &#8220;At the University of Southern California, through the USC Stevens Institute for Innovation, we have already seen how a renewed focus on accelerating innovation can impact the economy,&#8221; Holly writes. Two dozen USC-bred businesses are in operation. In 2009, just seven of those start-ups reported combined revenues exceeding $30 million. In the last two years, 16 of the spinoffs raised at least $148 million in financing. Importantly, the companies employ approximately 500 full-time employees &#8212; more than half in Los Angeles. &#8220;We hope to see IMPACT, or its key initiatives, in the nation&#8217;s fiscal year 2011 budget so we can create a scalable model to turn more ideas into jobs as soon as possible,&#8221; Holly concludes.<\/p>\n<p>Source: <a href=\"http:\/\/www.cnn.com\/2010\/OPINION\/01\/29\/holly.innovation.universities\/\" >CNN<\/a><\/p>\n<p><br class=\"spacer_\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an editorial for cnn.com, Krisztina &#8220;Z&#8221; Holly, vice provost for innovation at the University of Southern California and executive director of the USC Stevens Institute for Innovation, argues that the White House should use technology transfer to help solve the U.S. jobs crisis. &#8220;Currently, the federal government is investing nearly $50 billion a year [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-304658","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/304658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=304658"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/304658\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=304658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=304658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=304658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}