Institutional Framework for Innovation

A supportive institutional framework for innovation includes:

• A constellation of world-leading research universities, which house a substantial part of the Commonwealth’s research enterprise, attracting and educating the highly skilled men and women who comprise one of the foremost concentrations of talent in the world.
• A concentration of hospitals, national laboratories, corporate research and development facilities, and companies whose core business is research and development.
• A flow of billions of dollars of government and private funding into Massachusetts every year for research,development, business expansion, and new business formation.
• A concentration of venture capitalists and angel investors who bring the funding and expertise that is critical to new business formation.
• An ongoing interaction among the individuals and communities involved in research, development, entrepreneurship and business throughout the sectors and regions of Massachusetts. This interaction is critical to sustain the flow of new ideas and the discovery of business opportunities.