A top leader at the University City Science Center spoke on Capitol Hill this week to send federal legislators a message: The "Valley of Death" startups face is real, but lawmakers can help them find a way out by directing more government funding to “innovation intermediaries,” like the Science Center.
Dr. John Younger, the Science Center’s vice president for science and technology, testified before members of the U.S. House of Representatives’ Subcommittee on Innovation and Workforce Development, part of the Committee on Small Business. His remarks came during a panel discussion on the innovation pipeline between universities and small businesses and focused on the Valley of Death, a term used to describe the pit startups fall in after they’ve received initial funding but before they’ve started generating real revenue. Click here to view the full story.
