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Technology Development in the Twenty-First Century

September 25, 1997

Becky Norton Dunlop

Ladies and gentleman: good morning!

it is wonderful to be here with you this morning. I am pleased to have this opportunity to participate in this conference and offer some perspective on "technology development in the twenty-first century."

And, thank you very much, mr. Sandridge[1], and thanks to you and all of virginia for hosting this year's event! This is an extremely important public-private initiative-and the natural resources secretariat has been very pleased to actively participate in this conference-and as time goes on, to participate on a daily basis to foster that partnership. Working together is the best way to focus technology development where economic and environmental benefits will be the greatest.

This initiative is more than just technology development in the twenty-first century. It certainly is about more than picking winners and losers. Rather, it is about forging a common agenda among many groups including industry, academia and government, which together will play the key role in solving some of the major challenges facing the nation and the commonwealth.

last night, we honored so many of our outstanding entrepreneurs. The allen administration firmly believes that you have the capacity and the entrepreneurial spirit necessary to respond to the challenges of the 21st century-and from my special perspective, to develop a new generation of environmentally sound products and services. As our nation has increased its wealth, so too have we begun to bring environmental considerations into all of our manufacturing processes-regardless of the type of technologies. This includes health and medicine, consumer goods, agriculture, energy, computer technology, transportation, construction, ...etc. This is as it should be. But it is the development of new technologies that will allow us to remain competitive in the world market. Governor allen and i know that environmentally sound technologies are playing a key role in improving the quality and condition of our state's bountiful natural resources and creating enhanced economic growth and quality of life. For example, air quality, water and population growth. Successful innovation, the means by which we will advance technology, will increasingly define the competitive advantage of companies, such as yours, as well as of the commonwealth. Economic studies have shown that since

World war ii over 40% of economic growth in the united states is directly attributable to technological innovation.

I understand that in order to be successful within the context of the small business innovation research (sbir)[2]program, the small business technology transfer research (sttr)[3] program and the advanced technology program (atp)[4], a company has to demonstrate its potential to commercialize its products and/or services – the market place and the technology must be new or innovative. After all, innovation is the commercialization of creative thought.

Virginia has come a long way in the past three years. The allen administration had a goal of 125,000 new jobs during the course of our four years in office. Over 211,000 net new jobs have been created through new and existing companies, common sense policies, reg. Reform, reduced beurocratic red tape, tax reduction, and customer service priority. The governor believes that because of your entrepreneurial spirit, the commonwealth has enhanced its competitive advantage in the global marketplace. We are all, however, continually challenged to find ways to be more efficient and environmentally sound. Reduced waste and cleanup costs, lower energy and raw material costs, and improved productivity directly contribute to creating new opportunities and generating new jobs. Such efficiencies will also stimulate long-term economic growth, improve and conserve our natural resources and the environment, as well as enhance the quality of life of our citizens.

Preliminary estimates indicate that environmental

Technology sales alone are expected to reach 500 billion

Dollars per year worldwide at the beginning of the next century. Virginia should try hard to capture a portion of this market as the technologies in the united states are generally considered superior.

Now speaking for a moment about technology development in the next century, the first thing that comes to one's mind is "space technology". Today, our lives are touched and enriched by space technology in a variety of ways ranging from medical to computer to energy and environment. We have come a long way since neil armstrong5 (apollo 11 commander) landed on the moon nearly twenty-eight years ago. Many of you here today are likely experts on the many opportuniteis offered by future space endeavours. It is cerainly exciting to contemplate and is only limited by the limits of mankinds' imagination.

Advances in environmental technologies are the key in meeting both our short-term and long-term goals. For example, our communities have an immediate need for better remedial technologies for the cleanup of contaminated soils and groundwater. The nation as a whole will be spending billions and billions of dollars in the next ten, twenty and thirty years for the cleanup. Indeed, the continuing outcry against the dismally failed superfund program primarily results from the misplaced focus on process and blame, and a lack of willingness to test and encourage new cost-effective remedial technologies. That's why virginia passed a new voluntary remediation program.

I believe we all can agree that science and technology are essential to improving our economy and the environment. The future of our commonwealth and the nation is inextricably linked to science and technology. It is interesting to note that according to john miller, vice presidernt of chicago academy of sciences and author of the chapter on the public understading of science, "more than eight of ten americans believe that science and technology continue to make their lives healthier, easier, and more comfortable, reflecting nearly two decades of positive assessment of the net impact of science and technology on their lives and society." We in the allen administration are making every effort to nurture a close partnership with industry, academia and other organizations to be successful in developing environmentally sound technologies. The development of new technology is a cornerstone of our agenda. The benefits of this public-private partnership have been remarkable. The world market is intensely competitive, and therefore, our strategy should be to develop technologies that are cost-effective and environmentally sound -and work hard to capture a portion of the world market.

Finally, i want to complament all for a successful conference. I am quite impressed that we have over 300 people here today. This speaks very well of how far we have come. Our strategy is working. As we look into the future, innovation is an essential ingredient if we are to be successful in our mission in the 21st century. I am certainly committed to doing everything i can to make it happen, as i am sure is the case with all of you. Together, we should do everything in our power to see that the commonwealth – because of its business development and citicen stewardship -remains as a leader now and in the 21st century. The rule of the government as well as our future is largely in your hands.

As i close let me thank you again for your leadership, your persistence and your entreprenership.

As you may have heard, "govrnor allan and i believe that viriginia's people are her most valuable resource.

Virginia's economy has grown and her natural resources and environment are in better shape today than they were a short few years ago because of the vision, values and accomplishments of her citizens.

You are among those that have made virginia a better place to live, and america a reliable source of creative solutions to our world's many opportunities. We thank you and wish you well.

[1] 1Mr. Leonard W. Sandridge, Jr. is the Executive Vice President and Chief Financial Officer at the University of Virginia

[2] SBIR: Ten Federal agencies offer SBIR

[3] STTR: Five Federal agencies offer STTR

[4] ATP: One Federal agency offers ATP