Yesterday, I listened to an interesting talk by Dr Liang-Gee Chen, President of the National Applied Research Laboratories of Taiwan at the UK-Taiwan Academic-Industry & Technology Transfer Collaboration Forum organised by the British Council.  He presented some statistics from the Kaufmann Foundation [http://www.kauffman.org/research-and-policy/business-dynamics-statistics.aspx], which demonstrated that nearly all new jobs in the USA are generated by new companies.  When you combine this with my conclusion in my posting on ‘Population crunch’, that we need a higher level of innovation in engineering, then we need to review the education programmes provided for our engineers to ensure that they include innovation and entrepreneurship.  These need to be integrated in engineering education programmes [see Handscombe et al, 2009].  We seem to have lost the plot in the UK and retreated to teaching engineering science, design and management orientated towards the employers with the loudest voice, i.e. multi-nationals, who are not likely to be the source of innovation jobs that will pull us out of the global recession.

Handscombe, R.D., Rodriguez-Falcon, E., Patterson, E.A., 2009, ‘Embedding enterprise in engineering’, IJ Mechanical Engineering Education, 37(4):263-274.