《《Building_New_York_Citys_Innovation_Economy》.pdf

SEPTEMBER 2009 BUILDING NEW YORK CITY’S INNOVATION ECONOMY Academic research institutions have sparked significant economic growth in cities from Boston to San Diego; but while New York is practically unrivaled in the depth of its scientific research, the city’s universities and research centers have not yet emerged as powerful engines of local economic development This report was written by Jim O’Grady and Jonathan Bowles. It was edited by David Jason Fischer and designed by Design Confederation. Additional CONTENTS research by Tara Colton, Lindsey Ganson, Rachel Greene, Keenan Hughes, Steven Josselson, William INTRODUCTION 1 King, McKenna Morrigan and Farah Rahaman. A LABORATORY FOR INNOVATION 10 We also acknowledge the helpful support we New York City is a powerhouse of cutting edge scientific talent and received from the members of an advisory board research, two key ingredients to developing a high-tech sector created for this project. Advisory board members, INVENTION WITHOUT ENTREPRENEURSHIP 13 who provided suggestions and guidance but were In several other regions, academic research institutions have been not asked to endorse the final study, included: catalysts for the creation of a large high-tech cluster; but New York Harold Varmus, President, Memorial Sloan-Kettering Cit