![]() These new innovation ecosystems are part of an emerging trend. Partnering with the University at Albany, the NanoTech Complex secured $4.4 billion in investments to make it one of the leading chip innovation centers in the world. In Albany’s proud NanoTech Complex, companies like IBM, GlobalFoundries, Intel, Nikon, and Samsung are working together on developing the 450 millimeter silicon wafer, a breakthrough innovation in chip technology. New York state’s capital has grown into one of the world’s leading producers of next-generation semiconductors. As GE CEO Jeff Immelt wrote in the Harvard Business Review, “By partnering with Mississippi State University, we have developed a highly sophisticated proprietary process for manufacturing components made of carbon-fiber composites.”Īlbany’s story is even more impressive. ![]() This partnership is crucial for innovation. The reason? Both towns are close to technical universities stocked with researchers that specialize in new materials for the next-generation ultralight and silent jet engines. In 2008 General Electric opened a state-of-the-art jet engine component factory in the small Mississippi town, followed by another one in Ellisville in 2013. Yet, while the world is busy watching Silicon Valley, these relatively obscure spots in the US and Europe are quietly building the infrastructure for innovation ecosystems that will drive the next technological revolutions.īatesville, are you kidding? Nope. To most high-tech enthusiasts, towns like Akron, Albany, Batesville, Malmö, and Eindhoven probably don’t hold much significance. ![]() Join top executives in San Francisco on July 11-12, to hear how leaders are integrating and optimizing AI investments for success.
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