President promotes national innovation strategy

President promotes national innovation strategy

President Obama on Monday outlined a strategy for spurring technology and business innovation in the United States. The plan seeks to create a national environment that’s conducive to entrepreneurship and that provides the requisite “tools” for innovation, supported by more than $100 billion in federal Recovery Act funding.
Obama delivered his remarks far from Silicon Valley, at Hudson Valley Community College in Troy, N.Y. He pointed to partnerships between area universities and businesses, including GE Energy andIBM (NYSE: IBM), as providing the kind of training and job opportunities in emerging technologies and markets that his administration wants to encourage. Obama visited Hudson Valley Community College’s Tec-Smart center, a soon-to-open facility with more than a dozen classrooms and labs that will be used to train students in alternative fuels, wind energy systems, and other green technologies.
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