Transforming Texas and the Nation: Productivity Through Entrepreneurship and Risk-taking

Transforming Texas and the Nation: Productivity Through Entrepreneurship and Risk-taking
Authors/editors: Kozmetsky, George; Smilor, Raymond W.
Type: working paper
Publisher: IC² Institute, The University of Texas at Austin
Series: IC² Institute Working Papers; WP-1983-09-01
Date: 1983-09
Full text: http://hdl.handle.net/2152/34097

Description

The authors call for the state of Texas to meet 25% of its need for new job creation through technology venturing, which they estimate to be 42,500 jobs per year or 820,000 new jobs over twenty years. In order to achieve this goal, they propose a number of measures: the expansion of Federal defense R&D in Texas, which they view as an investment and not simply as expenditure; the development of the Texas entrepreneurial infrastructure; expansion of the capital venture base; and establishment of a state seed-funding program for early-stage tech ventures.

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