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November 21, 2000

State is urged to invest more, and more systematically, to develop technology

New York must invest more money in technology research and development, and do so more strategically, to fully harness the economic potential of new technologies, business and academic leaders said this month at a Business Council conference.

Six technology R&D leaders from New York companies and universities participated in a panel discussion Nov. 13 at the annual "Issues Conference" of The Council's Government Affairs Council.

The dialogue centered on how the state might invest $100 million or more in a coordinated effort to foster growth through new investments in technology and in R&D collaborations on research and development initiatives among New York's industry, academic, and government research institutions.

In the 75-minute discussion, several themes emerged:

Panelists were: Harold C. Craighead of Cornell University; Lewis Edelheit of GE; Alain Kaloyeros of the University at Albany; Donald B. Keck of Corning Incorporated; Yacov A. Shamash of the University at Stony Brook; and William J. Sheeran of Rochester Institute of Technology.