Department of Commerce Secretary, Gary Locke's "States of Entrepreneurism" Address

By DoC, Public Affairs Office , Posted 01/21/10

Link: http://www.commerce.gov/NewsRoom/SecretarySpeeches/prod01_008812

"The United States has not adjusted to a new global marketplace where foreign countries and foreign companies have the ability to outpace their American counterparts. It’s not tenable for...[us] to continue with the status quo. In a world where innovation is critical to U.S. competitiveness, we must do everything in our power to optimize commercialization that stems from our nation’s vast research investments. This is an issue where the Commerce Department is working hard to find solutions.

Last fall, we launched the Office of Innovation and Entrepreneurship, whose mandate is to drive policies and programs that help entrepreneurs translate new ideas, products, and services into economic growth, and to accelerate technology commercialization of federal R&D.

And today, I want to announce that on February 24 [2010], this Office will host a forum with university leaders and key stakeholders on the roles of universities in innovation, economic development, job creation, and commercialization of federally funded research."

Locke's analysis is dead on and includes references to NASA, aerospace and public-private collaboration in commercialization. The emerging suborbital space vehicle industry is a classic example of what he and the Obama administration are strongly promoting and they surely support STEM education as a critical lifeline essential to feed such entrepreneurial innovations.