The importance of R&D and business development is crucial for any advancement in trade and business for States.

This new report shows slow R&D growth in Illinois, despite key academic and business areas of strength. It seems like in Illinois we are doing a lot of R but not enough D. And, that my friends is not good for business.

We need to find ways of opening up the R portion of the equation which is still in “silos” to the world of entrepreneurship. One solution (and we will need many) is the creation of platforms like Invent2026 – that help in the development and commercialization of new ideas and products from the lab to the real-world!

Startup Port founder Hal Tezcan is on the Advisory Board of Invent2026.