Monday, June 03 2019
By Don Holbrook, Site Location Advisor
The original concept of Science and Technology parks has been going through a frantic evolution just like the field of technology and knowledge-based products and services that underpin the entire foundation of this area of economic development.
We as individuals are becoming ubiquitously interconnected to everything – work, friends, family and our entire activity and consumption based agenda, whether for our career, relaxation and entertainment or just daily choices in lifestyle through our preferred networks of information suppliers. Science and Technology Parks are also evolving away from simply places for place-based investment that marries academic culture to corporate culture. These locales have traditionally been tasked with assisting innovation and high tech entrepreneurs with federal policies so that funding can be achieved by overcoming barriers to compliance regulations. According to Brian Darmody, Associate Vice President of Research and Economic Development, for the University of Maryland’s technology development initiative, “Entrepreneurs tend to be non-compliant people, which is why they are innovators.”
Tuesday, May 29 2018
By Angelos Angelou, CEO, Angelou Economics
For those so inclined, a quick glance at any scientific journal or publication reveals a community of discovery that is exciting, complicated, and, frankly speaking, bizarre. Recent breakthroughs include, but are by no means limited to: the observation of a neutron star collision that gave birth to an unfathomable amount of deep-space gold; the growing of a premature lamb in a plastic bag; and continued development of the CRISPR gene-editing technique. Researcher’s at the University of Cambridge even taught sheep to recognize Emma Watson’s face.
Alright, so all of that is…interesting. But it also raises an important question: why? What’s the point? How do we get from a celebrity-enamored sheep to a practical, commercialized good or service? The fact is, while discovery for discovery’s sake is great, it’s also expensive. Framing it another way, if research is to remain viable in the long-run, the knowledge gained must at some point make it out of scientists’ imaginations and into the hands of consumers. Unfortunately, the road from discovery to dollars is not always an easy one.