Texas Research Differentiation Report, 2021
CREC is working with the Austin Technology Incubator, Texas Foundation for Innovative Communities, The Academy of Medicine, Engineering & Science of Texas (TAMEST), and University of Texas at Austin to identify and document the state’s advantages in academic and applied research, including promising late-stage research relative to global innovation leaders. With this information, the project seeks to capitalize on existing assets and help build the necessary infrastructure that will enable Texas, over a compressed time, to achieve tens of billions of additional economic impacts in aerospace/defense, energy, and information technology/semiconductor industries and supporting sectors. Innovation is the primary driver of productivity and economic growth. Building a powerful ecosystem is a matter of optimizing aggregate “innovation flows” with respect to quality, quantity, and velocity. Innovation economic impacts come primarily from pursuing advantages of depth rather than breadth. The result of the project team efforts will be a better coordinated statewide innovation ecosystem specialized to industry-specific needs.
About the Client
Texas Foundation for Innovative Community
ACCELERATING TEXAS INNOVATION, COMPETITIVENESS, AND JOBS GROWTH The Texas Foundation for Innovative Communities (TFIC) is an independent, non-partisan organization focused on identifying, advancing, and deploying the world’s best practices and policies for strategic economic growth, focused on high-performance innovation ecosystems. Economic growth is the most powerful tool for reducing poverty, reducing income inequality, and ensuring […]