Tip 2: Get industry experience Industry experience is crucial.
Barnett said local government should seek to get "industry and traditional owners" involved in the endeavour.
"Who's going to find incentives to get industry back?" Mr. Harrison asked.
VerticalNet, based in Horsham, Pa., operates industry Web sites where companies can get industry information and exchange products.
"We think we've got a route for funding, but we need to get industry buy-in," he says.
In order to get industry to swallow this scheme, allowances were handed out free to companies, rather than being (as economists wanted) auctioned.
He says the government will have to do something clever to get industry to spend more on R&D.
However, he warns, "Basic research should not be neglected in this rush to get industry on board".
He proposed that NIH launch experiments to determine whether graduate students who get industry experience during their traineeships, for example, go on to have successful careers in industry.
Thomson had to get industry support from a tiny biotech, Geron, to do his early experiments, because neither his university nor the government would provide them.
