By John Leavitt, Ph.D. Nerac Analyst,
Originally Published: July 23, 2014
Universities are hotbeds for innovation and entrepreneurship – take, for example, Stanford University, MIT, and Harvard. In the case of Stanford all you have to do is to look up Page Mill Road in Palo Alto, California, and the surrounding Silicone Valley to see the evidence of entrepreneurial activity that spread from Stanford; alternatively, look around Cambridge, Massachusetts, to see the monumental economic impact that these universities have spawned in their region. During the last decade we started to hear state governors advocate a role of economic development for their major state universities which in many cases have been very responsive to this call.
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