In the recent report by our National Academies, the need to create new manufacturing jobs in our country through innovation and extraordinary entrepreneurship was underscored as the essential element needed to restore our Nation's premier place in the world. Each 'job directly created in the chain of manufacturing activity generates, on average, another 2.5 jobs in such unrelated endeavors as operating restaurants, grocery stores, barber shops, filling stations and banks . . .' Once new research discoveries have been converted into products and services through the application of advanced engineering practices, it becomes the role of entrepreneurs to assure that those products and services are first to market. The creation of such entrepreneurial ventures, however, is often fraught with great dangers both for the entrepreneur and her/his investors. These dangers and the optimal means for creating and growing entrepreneur-based ventures are reviewed and discussed.

Creation and dangers of entrepreneurial ventures

247th National Meeting (2014)

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