PHOTO © J. ADAM FENSTER / UNIVERSITY OF ROCHESTER
questions of the value of a college education, it is inescapable that
knowledge-based innovation drives the economy. A recent study
conducted by the Georgetown University Center on Education
and Workforce stated that by 2018, nearly two-thirds of new job
openings will require some college education.
Increasingly, colleges and universities are adapting to their new
responsibilities as economic engines. The creation and transfer of
knowledge is still the paramount mission. Institutional leaders, however, particularly at the more prominent research universities, understand that additional expectations have been placed upon them.
As President Seligman has told me, no longer can institutions of
higher learning sit back and only offer theories for success. It will be
the responsibility of colleges and universities to lead by example. CPM
Duncan Moore is the Rudolf and Hilda Kingslake professor of Optical
Engineering, vice provost for Entrepreneurship, and former dean of
Engineering and Applied Sciences at the University of Rochester. He
has served as president of the Optical Society of America, a professional
organization with more than 12,000 members throughout the world,
and from 1997 to 2000 he served as associate director for Technology
in The White House Office of Science and Technology Policy. He can be
contacted at moore@optics.rochester.edu.
START ME UP. Since 1996, the city of Rochester, NY, has seen the launch of 38 start-up
business ventures based on University of Rochester technologies alone. Rochester's
success is just one example of the proven fact that knowledge-based innovation drives
the economy. These successful public-private partnerships across America will not go
unnoticed in efforts to revitalize American manufacturing and encourage companies to
invest in the United States.
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MARCH 2013 / COLLEGE PLANNING & MANAGEMENT
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