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The President Obama announcing yesterday the creation of startup America has to -- public private partnership in the -- is.
To create jobs and to boost innovation AOL co-founder Steve case and Carl -- of the Kauffman Foundation.
Leading the effort and Carl joins us right now to talk us more about it we always like to talk about innovation I guess the question.
With a program like this Carl is what's the government's role in fostering innovation.
McConnell greetings first of all from very -- Kansas City know warming up that storm for Chicago.
I think the point of this is -- and I want to be very clear about this.
Well there's a lot of talk about innovation the real thrust of startup America is really about new businesses.
Now than link of course is most of the nation's innovation.
That is commercialize comes out a brand new firms.
But I think the president when he put this together this public private partnership.
Had in mind.
That it is the brand new firms is where the new jobs are created so when the president -- in the state -- union it's jobs jobs jobs.
We're finally seeing an economic community and understanding that it's brand new businesses.
Which is where all the new jobs are created to get to the point about government what is the the role of government in helping to Foster that.
Entrepreneur ship and is there something that we're not doing now that we should be dealing that's gonna change under this program.
Well in this public private partnership of course I'm on the private side I want to emphasize that now the government announced yesterday.
A whole package of new loans from SBA and some special financing in the Department of Commerce.
Most administrator Karen mills in secretary Locke were part of the announcements yesterday as was -- Gene Sperling.
In the head of the council economic advisors.
-- -- -- So there is huge attention at the White House.
But on the private side our voice which will be pushing against the government is let's get new businesses started -- its focus on the entrepreneur hours do you care what industries there and I mean I guess -- this a criticism of something like this it's.
Hey why those guys hand picking which.
Which industry should be the the ones feeding this entrepreneurial spirit you see a lot of talk for example about clean tech.
Which is fine I guess if the crows about it's on but is is the government kind of needling people in the wrong direction in terms of trying to -- Who the winners and losers should be in the new economy.
Well cut -- I'll speak for myself I think one of the things that excites me about the private partnership.
And Steve and I are going to be -- a group that's totally private called startup America partnership.
And and I think our voice is basically to say look the government can't be picking winners and losers I think we've been trying that for a while.
And I think it's potentially very wasteful of money the government's not a good investor.
In the venture capital way of seeing he -- innovation.
And pulling it along.
Those things are often collared by university are agreeing something we're venture firm arguing something or -- politician arguing something.
Steve and I are committed to the view that you can't tell what industries is going to come from.
And the emphasis for example in clean tech -- in technology.
It's often you know misdirected -- -- fastest growing companies and over the last few decades have been places like Wal-Mart.
-- and Home Depot and lows in their great innovators in invention inventions and innovations have been in supply chain.
And in -- right and that gets lost in this narrative so I think cut our side of it will be a voice.
For you know the government's nice to have these supports.
Sort of lower and lower the barriers in terms -- regulations and so forth.
And let these -- entrepreneurs figure out what the market signaling.
All right Carl good to have you end up next time you're in New York lobby here in -- studio Carl Schramm with us today talking about -- -- -- and -- --
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