Posted: March 2, 2009

Pioneering New York model for nanotechnology-enabled growth to be showcased at prestigious economic event

(Nanowerk News) The success of New York State's pioneering strategy that harnesses unique public-private partnerships to drive nanotechnology-enabled economic investment and growth will be showcased this week as part of the 2009 Washington Policy Conference, "Restoring Financial and Economic Stability," presented by the National Association for Business Economics ("NABE").
More than 300 leading economists, business analysts and government policymakers from around the world are scheduled to attend the conference, which will feature a panel presentation on Tuesday, March 3 that focuses on New York's internationally recognized model for nanoelectronics, and highlights the groundbreaking industry-university-government collaboration centered at the College of Nanoscale Science and Engineering's ("CNSE") $4.5 billion Albany NanoTech Complex, the most advanced research enterprise in the academic world.
Since 2001, New York has seen more than $20 billion in nanotechnology-related investment, including public and private funding at CNSE that has resulted in creation or retention of over 10,000 high-tech jobs across the state. In addition, the 2008 Annual Global Trends Report released by IBM Global Business Services ranked New York first among all U.S. States in "in-sourcing" of new jobs from other states and nations.
The panel includes Carl Hayden, Chairman of the State University of New York ("SUNY") Board of Trustees, who will discuss how CNSE is leveraging its unmatched intellectual capital and world-class high-tech infrastructure to accelerate innovation and promote economic and workforce development, and Scottie Ginn, Vice President of Design Enablement and Packaging for IBM's Systems and Technology Group, who will explain the success of the model in catalyzing technology research and commercialization that is benefiting both IBM and the global nanoelectronics industry.
Hayden said, "SUNY's College of Nanoscale Science and Engineering (CNSE) at UAlbany is the global leader in nanotechnology research and education. In just a decade, CNSE has emerged as a dramatic example of the benefits of cooperative engagement between public higher education and the private sector. By sharing research capacity and state-of-the-art infrastructure, SUNY and leading multi-national technology companies have created a new model for innovation, economic growth and wealth creation."
Ginn said, "The unique public-private partnership between IBM, the College of Nanoscale Science and Engineering and New York State is a true collaboration through which each entity contributes its expertise and resources, and for which each gains substantial benefits. For IBM, the ability to accelerate the innovation and commercialization process is critical; to do that while also enhancing the educational environment and the economic well-being of New York is a glowing testimony to the power of this model."
Dr. Edward Cupoli, Professor and Head of CNSE's NanoEconomics Constellation and Chair of NABE's Technology Roundtable, said, "The esteemed National Association for Business Economics recognizes the extraordinary impact that partnerships between university, industry and government at the UAlbany NanoCollege are having in driving economic investment and wealth creation. The panel presentation at this prestigious event is a tribute to New York's 21st century model for nanotechnology-enabled economic growth, which is attracting new high-tech jobs, companies and investment throughout the state."
Founded in 1959, NABE has approximately 2,500 members representing more than 1,500 businesses and other organizations from around the world. NABE continues to attract the attention of the most influential and prestigious economic leaders in business, with past presidents including several former Federal Reserve Governors, the former Chairman of the Board of Governors for the Federal Reserve System, Alan Greenspan, and other senior business leaders.
Source: CNSE
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