Killer Innovations: reblog

Commerce Department Secretary Carlos M. Gutierrez announced that one of America's leading thinkers on entrepreneurship, Carl J. Schramm Ph.D., has been named chairman of the advisory committee of business and academic leaders that will seek ways to measure the effects of innovation on the economy.

"Innovation has propelled America forward, raising our standard of living and improving people's lives with better products and services. We need to better understand innovation's role in the U.S. economy. This is why the Commerce Department has formed an advisory committee to see if we can develop ways to measure innovation," said Gutierrez. "Today, I'm pleased to announce that Carl Schramm will work with the Commerce Department to develop innovation metrics and capture its contribution to our rapidly changing economy."

The Measuring Innovation in the 21st Century Economy Advisory Committee is comprised of 10 CEOs and five academics. Schramm will assume chairmanship of the Advisory Committee at its first meeting on February 22 at 2:00 p.m. at the Wyndham Washington Hotel, 1400 M Street, N.W., Washington, D.C. The meeting will be open to the public and registration is available online at www.innovationmetrics.gov.

Schramm is president and chief executive officer of the Ewing Marion Kauffman Foundation, the largest foundation in the world to focus on advancing entrepreneurship. Regarded as one of the country's preeminent thinkers on America 's entrepreneurial economy, he is an economist, entrepreneur, lawyer and expert in health care finance, regulation and insurance. Schramm is the author of The Entrepreneurial Imperative (HarperCollins, October 2006) and coauthor of Good Capitalism, Bad Capitalism (Yale Press, May 2007).