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A call to arms for innovation: corporations must invest in venture-backed start-ups, writes Bob Ackermanp

5 Feb 2010

America’s innovation engine is running out of gas. Corporations in the US have been slashing internal long-term R&D spending for decades and, most recently, investments in venture-backed start-ups. Confronting an increasingly competitive global economy and the emergence of well-financed centres of innovation outside of long dominant Silicon Valley, the case for a major reversal could not be stronger nor could the consequences for failure be higher.

 

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