Transforming Texas and the Nation: Productivity Through Entrepreneurship and Risk-taking
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Date
1983-09
Authors
Kozmetsky, George
Smilor, Raymond W.
Journal Title
Journal ISSN
Volume Title
Publisher
ICĀ² Institute, The University of Texas at Austin
Abstract
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.