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Message from National Venture Capital Association Board...Venture Industry & Government Can Grow Economy
Colleagues,
As reported in Xconomy... open letter from members of the National Venture Capital Association Board of Directors...
With the financial crisis as a backdrop, venture capitalists and policy makers are today finding themselves on common ground more than ever...The venture capital community is largely responsible for the creation of the biotechnology industry, the Internet economy, and the software, semiconductor, and personal computer industries...
The largest allocation of healthcare spending in the bill is in the area of healthcare information technology. This sector has seen only modest venture funding over the years because of the uncertainty associated with the medical industry’s commitment to real change. However, with this commitment from the federal government, we expect to see more venture investment in startup companies...
With a total of more than $37 billion in funding for clean energy grants, loans, and tax credits, the stimulus bill represents a significant expansion in federal funding for renewable energy, conservation, efficiency...
Perhaps most promising of all the stimulus provisions is the bold investment in science research and development. This expansion of fundamental research is long overdue and it is imperative to keeping America competitive for the long term. Commitments to agencies such as the National Science Foundation, the Department of Energy, the National Institutes of Standards and Technology, and the NIH are seeding tomorrow’s innovations today...
Read on at: http://www.xconomy.com/boston/2009/03/26/venture-industry-and-gover...
ENJOY!
CC
As reported in Xconomy... open letter from members of the National Venture Capital Association Board of Directors...
With the financial crisis as a backdrop, venture capitalists and policy makers are today finding themselves on common ground more than ever...The venture capital community is largely responsible for the creation of the biotechnology industry, the Internet economy, and the software, semiconductor, and personal computer industries...
The largest allocation of healthcare spending in the bill is in the area of healthcare information technology. This sector has seen only modest venture funding over the years because of the uncertainty associated with the medical industry’s commitment to real change. However, with this commitment from the federal government, we expect to see more venture investment in startup companies...
With a total of more than $37 billion in funding for clean energy grants, loans, and tax credits, the stimulus bill represents a significant expansion in federal funding for renewable energy, conservation, efficiency...
Perhaps most promising of all the stimulus provisions is the bold investment in science research and development. This expansion of fundamental research is long overdue and it is imperative to keeping America competitive for the long term. Commitments to agencies such as the National Science Foundation, the Department of Energy, the National Institutes of Standards and Technology, and the NIH are seeding tomorrow’s innovations today...
Read on at: http://www.xconomy.com/boston/2009/03/26/venture-industry-and-gover...
ENJOY!
CC
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