TN 8th in Getting Research Grants; 41st in Jobs They Create

Tennessee ranks eighth among states in the volume of federal grants its research centers receive — pulling in nearly $2.5 billion last year. Yet, it ranks 41st in jobs created from those research dollars, according to a report by the Kauffman Foundation.
From The Tennessean:
Tennessee ranks eighth among states in the volume of federal grants its research centers receive — pulling in nearly $2.5 billion last year.
Yet, it ranks 41st in jobs created from those research dollars, according to a report by the Kauffman Foundation.
“We fall in the rankings every year, so we need to invest more in these types of (entrepreneurial) activities,” said James Stover, former director of operations at the state-funded Tennessee Technology Development Corp., or TTDC, which strives to bridge the gap between scientists in the lab and consumers in the marketplace.
To that end, the TTDC in August will kick off a major initiative called Launch Tennessee to help move innovations to commercialization through tie-ins with entrepreneurs and venture capitalists.
“You need the talent, the intellectual property and the money,” Stover said.
The Launch Tennessee idea will be presented to the TTDC board in early August, and many of its provisions should be in place by the end of September, said Brad Smith, who took over June 1 as president and chief executive of the organization.

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