“An innovation economy is driven by a vibrant innovation ecosystem sustained by a state’s public, private and academic sectors,” says Dean Paranicas, president and CEO of the Healthcare Institute of New Jersey. “As we’ve seen elsewhere in California, Massachusetts and North Carolina, public and private research universities – bolstered by their state governments – are the hubs that support the research and development needs of innovator industries, with their companies setting up shop nearby on the spokes.” Read more here.
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