NPR Quotes Council Executive Committee Member Jim Phillips in Story on Entrepreneurship, Innovation

In a July 14 NPR story, Wendy Kaufman discussed the changing environment for entrepreneurs in the current economic climate. She cited Jim Phillips, Council on Competitiveness Executive Committee Member and CEO of Pinnacle Investments.

"'There is nothing harder for an entrepreneur than to try to go against the wind,' says Jim Phillips, an adviser to the U.S. Council on Competitiveness and the head of a venture capital fund. 'You need the wind in your sails, and so any boost you can get, you need to take advantage of. There's billions and billions going into things like biomedical research and climate change and sustainability.'

"There will be money for things such as smart manufacturing and nanotechnology as well. Phillips adds that wherever federal dollars go, private investors are likely to follow."

Read or listen to the entire story on NPR's website.