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Gov. Hickenlooper Announces Innovation Program

DENVER (AP/CBS4) – Gov. John Hickenlooper says the state will promote economic development by partnering private, public and academic organizations through an initiative called the Colorado Innovation Network.

Hickenlooper announced Monday that one of the goals will be to work with industry leaders to promote and foster innovation. He used the technological advances in Silicon Valley as an example Colorado can follow. The initiative, also known as COIN, will not have state funding and will rely on privately raised funds for support.

Hickenlooper says Colorado can take advantage of having several federal research laboratories like the National Renewable Energy Lab to collaborate with academic researchers at Colorado State University, the University of Colorado and the Colorado School of Mines.

“I honestly in my heart of hearts think that Colorado is, from east to west, from north to south, the most innovative state in the country,” Hickenlooper said. “We haven’t just brought it all together.”

COIN will be part of the governor’s Office of Economic Development and International Trade.

(TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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