MANCHESTER, N.H. — New Hampshire has a new roadmap for accelerating economic development by better aligning its academic research strengths with its existing and emerging industries.
The New Hampshire University Research and Industry Plan released Thursday was commissioned by New Hampshire EPSCoR, which stands for Experimental Program to Stimulate Competitive Research, and guided by a committee of business, legislative and education leaders.
Researchers found that the state lags behind the national average in growth in research in development for both industry and universities, lacks enough entrepreneurial activity to drive future growth, and struggles to keep up with the demand for skilled workers. The result was a plan that describes three areas where New Hampshire has potential for growth — advanced manufacturing, information systems and biosciences — and recommends numerous strategies for capitalizing on opportunities in those areas.
A common thread in the plan was the need for public-private partnerships. Officials said while government, industry, academia and nonprofits have a role to play, success will depend on the active participation of top-level business leadership.
“The tech sector is a vibrant and growing component of our economy, but we face some headwinds to maintain and accelerate the growth as outlined in this plan,” said Matt Cookson, executive director of the New Hampshire High Tech Council. “Having an understanding of how to address our workforce and research challenges through a thoughtful plan and integrated ecosystem will enable us to turn those headwinds into tailwinds.”
The plan also explains what role state government, industry, colleges and universities and the nonprofit sector should play in implementing the recommended strategies.