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Innovation in the Valley

by Naren on 11 August 2006, 19:19   0 comments , 918 views
The region is a growing center for new idea creation. More than 10% of all the nation's patents are generated in Silicon Valley, which boasts many of the world's top public and private research institutions. The following research centers and universities are located here: NASA, Stanford University, SRI International, Carnegie Mellon West, UC Berkeley, UC San Francisco. The cluster of high-tech companies and research centers explains the fact that Silicon Valley has a much higher concentration of core design, engineering, scientific, and business management talent than other region. These talented people, including both top-level and key support employees, drive the creation of new ideas, products, services, and business models that produce economic value and prosperity. This group comprises 23% of cluster employment and 14% of total regional employment-well above regions such as Austin, Seattle, San Diego (all 8-9%) and the nation as a whole (2%). New venture capital investment is a leading indicator of the region/s innovation process. (source unknown)
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