In spite of all its acclaim, many still associate Silicon Valley almost entirely with information technology products and software because these provide the bulk of the activity that is undertaken in that innovative circle. Biotech and pharmaceutical research also has developed within this technological and process innovation location. Firms in Silicon Valley are being established to add to the furious search for alternative energy sources. An article in the New York Times carefully compares the environment in the valley now to that which prevailed during the internet boom of the 1990s. The entrepreneurs though are aware that demonstrating the results by developing workable products are essential and that this time, few of these upstarts will survive for long merely on the basis of expected returns.
Interestingly, the research and development ideas that are being pursued are quite well-founded, judged by the fact that accountants, lawyers together with venture capitalists are reorienting firms towards participating meaningfully in the US$ 1 trillion energy market in the United States. Admittedly, there are no guarantees but with the money rushing into these firms, it is possible that the results may be just what is needed for diversifying the available sources of energy. for this blogger, the fascinating thing is how the accumulated knowledge and skills in the Valley is being deployed across several industries.
No comments:
Post a Comment