Department of Commerce Announces National Advisory Council on Innovation and Entrepreneurship Members
Published on July 14, 2010
U.S. Commerce Secretary Gary Locke publicized the members of the National Advisory Council on Innovation and Entrepreneurship on Tuesday July 13, 2010, at a U.S. Department of Commerce University Innovation Forum at the University of Michigan. The council has been created to support President Obama‚??s innovation strategy which aims to drive economic growth, develop policies that foster entrepreneurship, and create new jobs.
Private and public research labs have been the leading producers of new technologies that help create new job markets and bring stability to the nation. However, in the past 30 years federal investment in these places has declined significantly. Since being in office, President Obama has taken many necessary steps to change the way private and public research labs are funded. With the Recovery Act and the National Innovation Strategy, the President plans to double the budgets of agencies across the country in an effort to increase support for basic research being conducted at the university level.
The National Advisory Council on Innovation and Entrepreneurship is composed of talented entrepreneurs, university presidents, investors and non-profit leaders. The list of twenty-six members can be viewed in the full press release.