Newsroom

12/26/2012 9:02:00 AM

Times Union: State is well-poised for nanotech challenges

Times Union

It is universally accepted that science, technology, engineering and math are essential in successfully competing for jobs, as the global economy is increasingly driven by high-tech innovation.

Exhibit A is nanotechnology. It is projected that 6 million people will be employed in the nanotechnology industry by 2020, including over 2 million in the U.S. alone.

It is important to recognize New York as a global hub for nanotechnology — so much so that the refrain among industry is increasingly, "Why Anywhere but New York?"

Under the auspices of Gov. Andrew Cuomo's innovation-driven economic blueprint, wherein New York-led and managed industry-university partnerships are used to catalyze opportunity and growth, New York is building the modern-day equivalent of the Erie Canal: a vibrant high-tech economy fueled by a new economic paradigm in which publicly run consortia replace the defunct U.S. model of "if an idea is worth commercializing, industry will find a way to fund it."

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