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Locke Announces National Advisory Council on Innovation and Entrepreneurship Members

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FOR IMMEDIATE RELEASE

Tuesday, July 13, 2010

CONTACT OFFICE OF PUBLIC AFFAIRS

202-482-4883

Council will advise the president on ways to foster entrepreneurship and transform laboratory ideas into new businesses and jobs

U.S. Commerce Secretary Gary Locke today announced the members of the National Advisory Council on Innovation and Entrepreneurship, a group that will support President Obama's innovation strategy by helping to develop policies that foster entrepreneurship and identifying new ways to take great ideas from the lab to the marketplace to drive economic growth and create jobs. Locke made the announcement at a U.S. Department of Commerce University Innovation Forum at the University of Michigan, where participants discussed the role of universities in innovation, economic development, job creation and commercialization of federally funded research.

“America's innovation engine is not as efficient or as effective as it needs to be, and we are not creating as many jobs as we should,” Locke said. “We must get better at connecting the great ideas to the great company builders. The National Advisory Council will help the administration develop a broader strategy to spur innovation and enable entrepreneurs to develop breakthrough technologies and dynamic companies, and to create jobs all across America.

“I want to extend my gratitude to the leaders selected to The National Advisory Council. Their work will be a key component of America’s economic recovery.”

Throughout U.S. history, basic research in public and private sector research labs has spawned new technologies and inventions that led to new businesses. And those entrepreneurial businesses have been important drivers of job creation. Firms less than five years old have accounted for nearly all net new jobs in America over the last 30 years. Yet, as a share of gross domestic product, American federal investment in the physical sciences and engineering research has dropped by half since 1970.

Since taking office, the president has taken significant steps to turn this trend around. The Recovery Act included $100 billion to support groundbreaking innovations in diverse fields, from healthcare IT and health research to smart grids and high speed trains. Last fall, the president announced a National Innovation Strategy, which called for doubling the budgets of agencies including the National Science Foundation, to better support basic research at our nation's universities. And the president's 2011 budget – while freezing domestic discretionary spending overall – increases funding for civilian research and development by $3.7 billion, or nearly 6 percent.

The National Advisory Council on Innovation and Entrepreneurship will help build on this aggressive agenda. Members of the council include serial entrepreneurs, university presidents, investors and non-profit leaders. Steve Case, Mary Sue Coleman, and Desh Deshpande will serve as Co-Chairs.  See the full list of council members below.

 

 

First

Last

Title

Tom

Alberg

Managing Director, Madrona Venture Group

Tom

Baruch

Founder and Managing Director, CMEA Capital

Claude

Canizares

Vice President for Research and Associate Provost, Massachusetts Institute of Technology

Curtis

Carlson

President & CEO, SRI International

Steve

Case

Chairman & CEO, Revolution; Co-Founder, AOL

Robin

Chase

Co-Founder, Zipcar

Marcelo

Claure

Founder, Chairman, President & CEO, Brightstar

Mary Sue

Coleman

President, University of Michigan

Michael

Crow

President, Arizona State University

Desh

Deshpande

Chairman, A123 Systems, Sycamore Networks, Tejas Networks, and Sparta Group

Judith

Estrin

Co-Founder, Bridge, NCD, Precept, Packet Design; Former CTO, Cisco Systems

Ping

Fu

Co-Founder, Chairman, President & CEO, Geomagic

Christina

Gabriel

Director, Innovation Economy, The Heinz Endowments

Barron

Harvey

Dean, Howard University School of Business

Krisztina

Holly

Vice Provost for Innovation, University of Southern California; Executive Director, USC Stevens Institute for Innovation

Ray

Leach

CEO, JumpStart

Kenneth

Morse

Co-Founder, 3Com and Aspen Technology; Founding Managing Director, MIT Entrepreneurship Center

G.P. "Bud"

Peterson

President, Georgia Institute of Technology

Michael

Roberts

Founder & CEO, The Roberts Companies

RoseAnn

Rosenthal

CEO, Ben Franklin Technology Partners of Southeastern Pennsylvania

Carl

Schramm

President & CEO, Ewing Marion Kauffman Foundation

Ellen

Siminoff

CEO, Shmoop; Founding Executive, Yahoo!

Holden

Thorp

Chancellor, University of North Carolina at Chapel Hill

Charles

Vest

President, National Academy of Engineering; former President, Massachusetts Institute of Technology

Jeffrey

Wadsworth

President & CEO, Battelle

Jerry

Yang

Co-Founder and Chief Yahoo, Yahoo!