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"Building a Culture of Innovation" (5 minutes)

Randy Goldsmith, a foremost expert in technology commercialization and local capital formation, is President and CEO of the Mississippi Technology Alliance (MTA), a non-profit organization that champions innovation-based economic development.  With  his leadership, the MTA is implementing a process to build the culture of innovation in Mississippi by creating statewide public-private partnerships and a statewide angel network, training entrepreneurs in attracting investor capital, helping high-tech manufacturers improve their bottom line and accelerating university research commercialization.  He discusses the six ingredients necessary to build a culture of innovation and emphasizes that every community has access to some or all these ingredients to maximize their innovation potential.  Most important community assets are champions of the process who have a vested interest and a passion for the success of the community.  With their help, community resources, once identified, can be deployed and gaps in resources can be filled to begin creating high performance companies that employ highly skilled workers who add significantly higher than average value to the production process.  The payoff for communities that make these efforts include increases in numbers of new angel investors and new technology companies, available growth capital, overall growth in wealth and other important success indicators in the innovation economy.

Speaker: H. Randall Goldsmith Ph.D. President and CEO Mississippi Technology Alliance Ridgeland, MS

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