Summary
According to Dorn, Governor Douglas has focused on assisting our knowledge-based and technology businesses, including our growing software development sector; environmental engineering and technology, 'green economy' companies including alternative energy, and financial services. In the past nine months VCET has worked to increase the network of venture capitalists that will work with its portfolio clients "so their story is as compelling and robust as possible, so that professional investors, organized angel investment groups, and strategic corporate investors take notice." To finance new technology businesses coming from the college environment Bowman said there needs to be industry partnerships where the industry finances expenses and helps fund the entrepreneurship program and mentor the students in return for obtaining the technology.
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Extract
Local Colleges Work to Transfer Technology to Business
Much of the growth in the technology sector of the Vermont economy will come from the state's colleges as graduates enter the business world or bring their projects with them. The state's higher education institutions, especially the University of Vermont, develop new technologies and products as part of their research. Educators say they are pushing harder to make Vermont more technology intensive but their efforts will take time and money.
Domenico Grasso is the Dean of the College of Engineerin...See the full content of this document
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