Unless California invests deeply in university research and its
"knowledge-intensive" industries, its
dominance as the world's high-tech
powerhouse could be at risk.
California's strength in
knowledge-intensive industries is so great that
many policy makers take it for granted. After
all, California hosts more top-ranked universities
than Europe and Japan combined. It is
also a world leader in transferring new knowledge from the
lab to the marketplace, thanks to a skilled, entrepreneurial
workforce and a heavy concentration of venture capital.
The result for decades has been a virtuous cycle of development
in… more