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State University system attempts to become "the Engine of The State’s Economic Revitalization"

"Trends [in higher education] suggest a new paradigm for economic development programs — one that puts higher education at the center of states’ efforts to succeed in the knowledge economy" according to the Rockefeller report.

Nancy L. Zimpher, the Chancellor of the State University of New York (SUNY), believes that SUNY campuses statewide can become "the engine of New York’s economic revitalization."Chancellor Zimpher’s vision of economic development fueled by higher education is supported by a recent report from the Rockefeller institute of Government.

The report describes a new paradigm of economic development in which university-driven economic development will replace the traditional mix of business attraction and retention incentives. The report lists five essential elements that must be leveraged for universities to become engines of economic revitalization. New "Technology Transfer" hubs at SUNY’s five campuses are among SUNY’s efforts.

Full Story: http://www.ssti.org/Digest/2010/081810.htm#story4

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NYU Leads City’s Effort to Encourage Corporate Start-Ups

New York City would seem a logical place to find a corporate leader, such as Richard A. Gross, on the front lines of economic innovation.

Yet Mr. Gross doesn’t broker deals on Wall Street. Instead, he’s a chemistry professor who can usually be found about two miles away, experimenting with plastics on the Brooklyn campus of the Polytechnic Institute of New York University. He’s an expert in using microbes to produce synthetic materials in ways that avoid much of the waste and pollution associated with traditional chemical processes.

Now, encouraged by his university, he’s entered the corporate world. Mr. Gross has formed a company that might soon be using his production methods to make biodegradable pesticides and grocery bags.

By Paul Basken

Full Story: http://chronicle.com/article/NYU-Leads-City-Effort-to/123909/?key=HD1xJ1U%2FZSlJZ3BiOTZIYDZQayZoN0J7aycbbn0kbl9WGQ%3D%3D

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