Summary: The State of Innovation in New York: Are We Meeting the Challenge?
By Jerry MacArthur Hultin, President
Polytechnic Institute of New York University
The following text appeared in Innovate New York, A Project of The LEVIN Institute, a companion to the Alfred P. Sloan
Foundationfunded "Innovate New York" panel discussion series the LEVIN Institute and the New York Academy of Sciences co
organized to explore the city's potential to become a global leader in innovation across sectors. President Hultin was a speaker
at two of the panel discussions (June 10, 2008 and June 9, 2010).
When the Levin Institute began this inquiry in 2008, I outlined three key opportunities to improve and
diversify New York's economy through innovation: (1) marry ideas with riskintelligent money; (2)
increase the pool of entrepreneurial managers, and (3) push university research into the marketplace.
On each of these points, the experts who participated in the Levin inquiry verified and amplified my
recommendations with compelling arguments and incisive facts.
At the same time, Mayor Michael Bloomberg's Economic Development Corporation team convened a
series of industryspecific roundtables for CEOs, academic leaders, and government official; Cornell
University President David Skorton meanwhile traveled the state to get input from industry and
academia about collaboration for research and economic growth. Both efforts ratified my three points