CEG Markets the Capital Region’s R&D and Commercialization Opportunities in Europe
FOR IMMEDIATE RELEASE
ALBANY, N.Y – With R&D services poised to become the Capital Region’s largest export, the Center for Economic Growth (CEG) is looking to build on that momentum. CEG will return to Europe this week to highlight R&D opportunities with the Capital Region’s academic institutions and to discuss partnerships with the semiconductor industry in New York’s Tech Valley.
Building off the memorandum of understanding (MOU) that it executed with Silicon Europe at the Business Connection Forum in Albany in October 2017, CEG will participate in one one-day seminar and networking event at Infineon’s headquarters near Munich Germany. This second annual Business Connection Forum, hosted by Silicon Saxony, aims to foster smart systems partnerships between American and European advanced electronics companies. With more than 300 members, Silicon Saxony is a major Silicon Europe partner and one of Europe’s most successful trade association for the semiconductor, electronic, microsystems and software industries.
On Wednesday and Thursday at Semicon Europa in Munich, CEG will give presentations on “Enabling the Northeast U.S. Advanced Electronics Hub” and “Corporate Research Initiatives in New York State.” CEG will be presenting along with members of the New York Loves Nano, a statewide consortium, supported by National Grid, consisting of Empire State Development, Mohawk Valley Edge, Onondaga Industrial Development Agency and SUNY Polytechnic Institute.
“We are very grateful for Silicon Saxony for bringing the Business Connection Forum from Albany to Germany so its members can get better acquainted with the unmatched R&D capabilities and talent the Capital Region has to offer to the advanced electronics industry. We look forward to continuing to build on our partnership with Silicon Europe and drive as much collaboration as innovation,” said CEG President and CEO Andrew Kennedy.
Capital Region Semiconductor R&D Opportunities
In 2017, Capital Region R&D services exports annually increased by 9.7 percent to $635.3 million. That made R&D services the region’s second largest export by dollar value, trailing engine and power equipment. More details.
Capital Region inventors were listed on 1,301 semiconductor device-related patents issued in 2017, up 18.8 percent from the previous year. That means one in 20 semiconductor device-related patents awarded by the U.S. Patent and Trademark Office (PTO) last year can be traced back to a Capital Region inventor. More details.
At $312.2 million, SUNY Poly was the nation’s fourth biggest engineering R&D spender in fiscal 2016, trailing only John Hopkins University, Georgia Institute of Technology and the Massachusetts Institute of Technology. More details.
For additional information or to talk to CEG President and CEO Andrew Kennedy or a local researcher, please contact CEG Director of Research and Communications James Schlett at 518-465-8975 X221 or jamess@ceg.org.
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