“To turn really interesting ideas and fledgling technologies into a company that can continue to innovate for years, it requires a lot of disciplines.”
From the earliest days of our nation, the growth of the U.S. economy has been inextricably tied to technological innovation. What have changed over time are the fields of innovation, the institutions carrying out the work, and the environment that provides the driving forces for change. What has remained constant is the key role of scientists and engineers in the process. The prominent role that scientists and engineers play in innovation has led to their involvement in a much more comprehensive range of issues associated with the development of new products and the growth of technology-based companies. While enormously empowering, these developments place a new set of demands on new graduates. They are expected to have a broader range of skills, a greater sense of teamwork, and an awareness of a wide variety of information.
Today, approximately one half of economic growth is a direct consequence of technology innovation. In order to find new ways to build new businesses in an increasingly digital world, entrepreneurs as well as industry leaders will need to once again explore the synergy between innovation and management.