Symposium focuses on the future of innovation in Ohio

Plain Dealer Business Reporter Robert Schoenberger is covering the two-day high-profile symposium called “Building the Ohio Innovation Economy” which is being held at the InterContinental Cleveland April 25-26, 2011. Here’s an excerpt:

“CLEVELAND, Ohio—Ohio’s economic future depends teaching companies how to develop and then build new products here, academic and business leaders said Monday at a symposium to discuss innovation.

‘Being No. 1 in the world in developing new ideas is no longer enough,’ said Sridhar Kota, assistant director of the White House Office of Science and Technology Policy. He added that American businesses too often develop the big ideas and then have them built overseas. ‘A lot of product and process innovations come up as you go from idea to product, and we’re losing that.'”

MAGNET Board Chairman, James W. Griffith, who is President & CEO of Timken Co., also addressed the Symposium attendees.

“‘I am a believer that we can change this trend’ of lost manufacturing jobs, said James Griffith, president and chief executive of Canton-based steel and bearings company Timken. ‘I am a believer because we’ve done this at Timken.'”

Read the complete article “Symposium focuses on the future of innovation in Ohio,” by Robert Schoenberger, Cleveland Plain Dealer, April 26, 2011.

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Posted by MAGNET Ohio in Global-Markets, Innovation, Market-Diversification, Public-Policy, Regional-Manufacturing-News

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