We possess the assets that could help our region participate in—if not lead—this next wave of innovation. However, our success is far from guaranteed; we will have to compete with other regions that are aggressively pursuing this convergence.
Faced with this situation, Silicon Valley will move in one of three directions:
- We will wither as the wave passes us by (and other regions prove to be better locations).
- We will become part of the wave, but it will roll over us—largely because as we import thousands of workers and development pressures build, our communities are disrupted.
- Or we make the wave work for us as we invest in innovation and prepare our people and communities to benefit.
This third future is possible, but only with business, government, education and community leaders working together. A future based on the convergence of bio-, info- and nanotechnology may be just right for Silicon Valley—one driven by innovation that creates a widening circle of prosperity without sacrificing our unique quality of life.