Role of Higher Education in Innovation & Entrepreneurship

by Armando M. Clinton

Innovation is a key driver of economic growth in the United States. The Department of Commerce agencies and bureaus are focused on nurturing innovation, developing advanced manufacturing in the United States, and increasing exports to the world. Innovation is a priority for the U.S. Department of Commerce because it helps American industry, universities, and research institutes to develop the next generation of technologies and increase the number of high-growth American start-ups. This book shows how colleges and universities nation-wide are supporting innovation and entrepreneurship in order to strengthen regional economies, create jobs and keep America competitive. The book highlights efforts in five key areas: promoting student innovation and entrepreneurship; encouraging faculty innovation and entrepreneurship; actively supporting university technology transfer; facilitating university-industry collaboration; and engaging in regional and local economic development efforts.