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Session 5: Universities and Economic Development-Technology creation, diffusion, and commercialization

10:45-12 Noon Salon D

Universities are increasingly involved in development of commercializable intellectual property.  Motivated by a variety of reasons, not the least of which is the potential revenues that result from licensing fees, many universities have created technology incubators, research and development parks, and augmented traditional measures of faculty performance by including measures of faculty entrepreneurship.  From a government perspective, the Department of Commerce Economic Development Administration has been increasingly interested in the role of universities in local/regional economic development.  Further, the Department of Commerce, Technology Administration is involved in promoting university lead development of new technologies with an eye towards commercialization.  Finally, the value of university stockpiles of intellectual property can only be realized through the transfer of technology.  This session seeks to examine what is currently being done to maximize the value of universities as catalysts for regional economic growth.

Session Downloads

Carol Conway slides (PDF 44 K)

Carol Conway outline (PDF 28 K)

Links of Interest

Department of Commerce, Economic Development Administration

Department of Commerce, Technology Administration

Speakers

Jeffery T. Collins, Director, Center for Business and Economic Research,
Sam M. Walton College of Business, The University of Arkansas, moderator

Andrew Brod, Director, Office of Business and Economic Research,
Bryan School of Business and Economics, The University of North Carolina at Greensboro, moderator

Sandy Baruah
Chief of Staff
U.S. Department of Commerce, Economic Development Administration

Phillip J. Bond
Under Secretary of Commerce for Technology
U.S. Department of Commerce

Phillip J. Bond was sworn in as Under Secretary of Commerce for Technology on October 30, 2001. He was nominated by President George W. Bush on September 4, and confirmed by the United States Senate on October 23, 2001.

From January 2002 through January 2003, Bond served concurrently as Chief of Staff to Commerce Secretary Don Evans. In his dual role, Bond worked closely with the Secretary to increase market access for US goods and services and further advance America's technological leadership at home and around the world.

Under Secretary Bond serves as the principal advisor to Secretary Evans on science and technology policy to maximize technology's contribution to America's economic growth. In this context, Mr. Bond's primary responsibilities are to supervise policy development and direction among the Office of Technology Policy (OTP), the National Institute of Standards and Technology (NIST), and the National Technical Information Service (NTIS). He also serves on four committees of the President's National Science and Technology Council (NSTC), a Cabinet-level council established by the President to coordinate science, space, and technology policy within the Federal research and development enterprise.

One of Mr. Bond's top priorities has been to transform the Technology Administration into the pre-eminent portal between the federal government and the U.S. technology industry. In that regard, he directs TA efforts to advocate on behalf of U.S. technology in the federal policy-making process. Some of the high priority issues that he is involved in include support for American innovation and entrepreneurship; the converging fields of nanotechnology, biotechnology, information technology and the cognitive sciences; strengthening U.S. technology cooperation with other countries, especially in areas such as standards development; education and training of a high tech U.S. workforce; and an array of issues of concern to the telecommunications and information technology industries.

Mr. Bond was recognized in Scientific American Tech Leaders of 2003 (December 2003) for promoting nanotechnology effectively within the executive branch.

His experience in the private sector includes serving as Director of Federal Public Policy for the Hewlett-Packard Company, a position he held immediately before joining Commerce, and previously serving as Senior Vice President for Government Affairs and Treasurer of the Information Technology Industry Council.

From 1993 to 1998, Phil Bond served as Chief of Staff to Congresswoman Jennifer Dunn (R-WA). He was Principal Deputy Assistant Secretary of Defense for Legislative Affairs from 1992 to 1993 for then-Defense Secretary Dick Cheney. Earlier, he was Chief of Staff and Rules Committee Associate for Congressman Bob McEwen (R-OH) from 1990 to 1992. From 1987 to 1990, he served as Special Assistant to the Secretary of Defense for Legislative Affairs. He is a graduate of Linfield College in Oregon.

Carol Conway
Deputy Director
Southern Growth Policies Board

Carol Conway has more than 15 years of experience with Southern Growth Policies Board, serving in a variety of senior positions. She currently serves as deputy director and manages two of Southern Growth's advisory councils: the Global Strategies Council and the Council for a New Economy Workforce.

Prior to joining Southern Growth, Carol was a program director with the Corporation for Enterprise Development. During her tenure, she designed and launched the Appalachian Regional Commission's Export Trade Advisory Council and co-authored The International State: Crafting A Statewide Trade Development Systems , a book published by the Aspen Institute, among other projects.

Carol has more than two decades of federal and state government experience in international trade policy. She has served as an economist with the U.S. Department of Commerce's Office of Policy for the Import Administration of the International Trade Administration, and as financial consultant with the Division of Community Assistance, in the N.C. Department of Natural Resources and Community Development. She also holds the distinction of being selected the 2001 North American Trade Educator of the Year.

Carol serves on the board of directors of NASFA: Association of International Educators, the University of North Carolina Center for International Business and Economic Research, the World Trade Center of North Carolina, and World View. She is also a member of both the N.C. District Export Council and the Triangle World Affairs Council.

In addition to her duties at Southern Growth, Carol is active in her local school district promoting more effective school-to-work strategies and improving services for the disabled. Carol holds a masters of public affairs degree from Princeton University and a bachelors of science degree from Indiana University.