Forget tax cuts!!! The sole path forward on creating great jobs is innovation through research universities.
From the San Jose Mercury News reports on a new study:
First, "there is a higher initial quality of startups -- people are being drawn there, they graduate from its universities, they are more ambitious," Stern said.
And, "Silicon Valley supercharges that effect, helping them along, so they deliver on their promise."
They found that the highest-quality startups are centered around research institutions, such as universities and national laboratories. Stanford, UC Berkeley, Lawrence Livermore, Caltech, UCLA and UC Irvine each host regions of entrepreneurial quality.
"Research centers attract extremely bright, curious, energetic and ambitious people -- people who want to change the world in a positive way. Increasingly, they want to realize their dreams in their own ventures, not buried in a large company," said Steve Ciesinski, president of Global Partnerships at Menlo Park's SRI International and a lecturer at the Stanford Graduate School of Business.
"With more education on how to start and build companies being evangelized at places like Stanford, SRI and many other research institutions, it's no longer so intimidating to researchers to start up a venture based on their breakthrough science and technology," he said.