Sunday, 25 October 2009

The UK Needs to Follow US Form.
Quote from Egils Milbergs Center for Accelerating Innovation Website.

'U.S. Commerce Secretary Locke announced a new Office of Innovation and Entrepreneurship and National Advisory Council on Innovation and Entrepreneurship at Inc. 500/5000 Conference.

Recognizing that new businesses are vital to the economic growth of the USA, the Office will focus on removing barriers for entrepreneurs seeking to take ideas and translate them into new products and services. The Office will work with the White House and other federal agencies to find ways to encourage entrepreneurship, including training, access to capital and policy incentives.

The National Advisory Council on Innovation and Entrepreneurship will advise the Secretary and the Administration on key issues relating to innovation and entrepreneurship. It will include successful entrepreneurs, innovators, angel investors, venture capitalists, non-profit leaders, and other experts on these issues.

The Council will identify and recommend solutions to issues critical to the creation and development of entrepreneurship ecosystems that will spawn new businesses and jobs. It will also serve as a vehicle for ongoing dialogue with the entrepreneurship community and other stakeholders.

Secretary Locke speaks about entrepreneurship and its importance to economic growth and job creation.'

End quote.

Now me:

We (the UK) need to set up a similar agency. Innovation and Entrepreneurship is not getting the support or the notion required to reach effectivity.

Click here to view Secretary Locke's talk.

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