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Peter Longo, president and executive director, Connecticut InnovationsConnecticut must leverage the research achievements from its knowledge corridor into entrepreneurial ventures, especially by spurring private individuals and organizations to invest in these start-ups. Peter Longo, president and executive director, Connecticut Innovations

That was the message from the head of Connecticut state investment fund after a senior official from the Obama Administration came to Windsor on Nov. 1 looking for ways to bolster America’s development of breakthrough research.

“The reality is you need to get money in the hands of the entrepreneurs,” said Peter Longo, president and executive director of Connecticut Innovations, the quasi-public state investment fund.

At the Northeast Technology Exchange Conference in Windsor, Longo and several other members from the state business and investment community sat on a panel hosted by Ginger Lew — the White House’s senior counselor on technology transfer — where she decried the nation’s problems in taking groundbreaking research and turning it into profitable business ventures.

To read the full, original article click on this link: State Needs To Leverage Knowledge Into Ventures | Hartford Business

Author: Brad Kane